A major part of retirement planning is choosing which type(s) of retirement accounts you want to use to hold your savings and investments. If you're self-employed, either a solo 401(k) plan or ...
While saving for retirement is crucial, knowing what that looks like can be difficult. Self-employed individuals must choose between accounts like a SEP IRA or a solo 401(k). Both accounts have ...
Putting away as much for retirement as possible is important to make sure that long-term financial goals are reached. The simplified employee pension, or SEP IRA, does just that by allowing business ...
SEP IRAs and SIMPLE IRAs are ideal retirement savings accounts for small businesses and the self-employed. Knowing the plans' differences and similarities can help save you money for retirement.
There are five main choices for the self-employed or small-business owners: an IRA (traditional or Roth), a Solo 401(k), a SEP IRA, a SIMPLE IRA or a defined benefit plan. Many, or all, of the ...
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