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Here are the details on some of the best retirement plans for the self-employed, how much you can sock away and which plan may be best for you.
Continue reading → The post Best Retirement Plans for Self-Employed People appeared first on SmartAsset Blog. Being self-employed has a multitude of benefits. While you can be your own boss and ...
A solo 401 (k) plan is a retirement account for self-employed individuals or business owners with no full-time employees, but the IRS says you can use the plan to cover you and your spouse. There ...
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 ...
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 with no ...
A solo 401 (k) plan, also called a one-participant 401 (k) or a solo K, offers self-employed people an efficient way to save for retirement.
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