A SIMPLE IRA is a retirement plan designed for self-employed people and small businesses with 100 or fewer employees. It's a cheaper (and easier) plan for an employer to set up compared to a ...
Retirement plans for the self-employed range from the good to the outrageously good, and can allow you to save much more than you ever could with a traditional employer plan. A well-chosen 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 ...
For many small business owners, setting up an employee retirement plan is expensive, complex, and requires federal filing they’d rather not deal with. A SIMPLE IRA is a retirement savings designed for ...
(NewsNation) — Many employers offer retirement plans, such as 401(k)s, to full-time employees. However, many Americans don’t ...
When you're self-employed, saving for retirement is entirely up to you—there's no employer-sponsored 401(k) plan you can rely on. This can make planning for retirement more challenging, but there are ...
Being self-employed gives you more options when it comes to retirement savings plans. “There are three qualified plan options available for a self-employed person – a Solo 401 (k), a SEP IRA, and a ...
When you’re self-employed, you don’t have as many built-in protections as many employees have. You’ll be responsible for your own health insurance, disability insurance and retirement planning. Many ...