If you're self-employed, either a solo 401(k) plan or Simplified Employee Pension (SEP) IRA can be an excellent choice. Both solo 401(k) plans and SEP IRAs are tax-advantaged accounts. However ...

Relying primarily on savings from a 401(k) plan to fund retirement dreams could potentially set retirees up for financial ...

If you only earn a few thousand dollars in freelance income for the year, you can contribute much more to a solo 401(k) than you can to a SEP. You can contribute up to 100% of your self-employed ...

Here's a comparison of three popular self-employed retirement savings plans: the solo 401(k), the SEP IRA and a SIMPLE IRA. See which option is right for your retirement planning needs.

Use a taxable brokerage account to supplement IRA savings. Open a solo 401(k) or SEP IRA if self-employed for higher limits. Key findings are powered by ChatGPT and based solely off the content ...