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  2. Solo 401 (k) - Wikipedia

    en.wikipedia.org/wiki/Solo_401(k)

    A Solo 401 (k) (also known as a Self Employed 401 (k) or Individual 401 (k)) is a 401 (k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner (s) and their spouse (s). The general 401 (k) plan gives employees an incentive to save for retirement by ...

  3. SEP-IRA - Wikipedia

    en.wikipedia.org/wiki/SEP-IRA

    SEP-IRA. A Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees. [1] There are no significant administration costs for a self-employed person ...

  4. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

  5. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

  6. Worried You're Behind on Retirement Savings? 3 Steps to Catch ...

    www.aol.com/worried-youre-behind-retirement...

    Here are some steps to catch up on savings by age 65. A person at a computer. Image source: Getty Images. 1. Claim your full employer 401 (k) match. It's common for companies to offer a match in ...

  7. Worried about outliving your savings? How to plan your ... - AOL

    www.aol.com/finance/maximizing-returns-from...

    Your current and future tax brackets, retirement goals, market conditions and additional factors can all play a role in defining your best strategy for tapping into your retirement savings. 1 ...

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