Self-employed people can still save for retirement – and benefit from ... you can contribute $13,940 to a SEP IRA or $33,440 to a solo 401(k) (which is $19,500 as the employee plus $13,940 ...

There are several different ways for self-employed individuals to save and invest for retirement, and two of the top account types are the SEP IRA and the Solo 401(k). Both are readily available ...

The self-employed ... begins to weigh retirement plans, there are two specific tools that they tend to consider: the solo 401(k) or the SEP individual retirement account (SEP IRA or SEP).

As an employee of a financial-planning firm, Neil Brown follows his own advice and makes the maximum contribution to his company's 401(k) plan. But he also runs a side business, as a public ...

Without access to employer-sponsored 401(k) plans, self-employed workers must pursue other strategies for retirement saving. Small business owners often reinvest in their businesses instead of ...

Explore defined contribution plans such as 401(k)s, individual plans, such as Roth and traditional IRAs, plus plans for self-employed people, such as SEP and SIMPLE IRAs. Many, or all, of the ...

An employee is eligible to participate in a SEP IRA if he or she is at least 21 years old and has worked for the company in three of the last five years, and received at least $600 in compensation ...

Contributions are made to an individual retirement account (IRA) set up for each plan participant. Self-employed individuals also can set up a SEP-IRA for themselves. A SEP does not incur the ...

SEP IRAs are employer-funded retirement accounts with contributions based on employee salaries. Business owners and self-employed people who fund a SEP IRA are contributing as the employer, not ...

A SIMPLE IRA, or Savings Incentive Match Plan for Employees, is a type of traditional IRA for small businesses and self-employed individuals ... in retirement. Unlike SEP IRAs, SIMPLE IRAs ...

Retirement plans for the self-employed range from the good to the outrageously good, and can allow you to save much more than ...