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 ...

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 ...

Choosing the right retirement plan can be confusing and overwhelming. Multiple options are available, which is a good thing, but understanding their attributes and intricacies takes time.

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 ...

If you are self-employed, take the time to set up a SEP-IRA or Solo 401(k) for your business. If you make more than $500,000 per year, consider also setting up a cash balance pension plan for even ...

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 ...

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