About 16.5 million people in the U.S. are self-employed, according to 2023 data from the Bureau of Labor Statistics. For many of these workers, planning for retirement has its own quirks and ...

The SEP IRA allows you to contribute up to 25% of your compensation, or $69,000 in 2024 and $70,000 in 2025. Remember, you ...

Saving for retirement can be hard enough, but self-employed workers don’t have the benefit of an employer-sponsored 401(k) that automates savings. If you’re self-employed, you’ll have to take your own ...

What advisers need to know about Solo 401(k)s and SEP IRAs. For self-employed individuals, freelancers, and small business owners without full-time employees, securing the right retirement plan can be ...

Anyone, and I mean anyone, can become an IRA millionaire if given enough time. According to Fidelity, the number of IRA millionaires on its platform has grown 40% over the past year. That figure doesn ...

If you’re self-employed, you have multiple options when it comes to saving for retirement. Of course, an individual retirement account (IRA) is always on the menu, and two of the most popular IRA ...

For those who are self-employed it’s critical that you fund a retirement plan for yourself. Two of the best options are a SEP-IRA and a solo 401(k). As we reach the midpoint in 2022 it’s important to ...

Picking the right retirement savings plan and maximizing retirement savings can be a complex landscape to navigate, but it’s key to staying fiscally fit in the twilight years. Retirement planning is ...

A SEP IRA is a tax-advantaged retirement account that’s an especially attractive option for workers who don’t have access to an employer-sponsored plan. The annual contribution limits for an SEP IRA ...