SoFi shares the nuances of different retirement plans, including tax benefits and drawbacks, to help people choose the right ...

Retirement plans for the self-employed range from the good to the outrageously good, and can allow you to save much more than you ever could with a traditional employer plan. A well-chosen retirement ...

However, those who choose to be self-employed actually have a number of solid retirement savings options. A financial advisor can also help you pick a retirement plan for your needs and goals.

Also, many have required minimum distributions (RMDs). The following outlines the five most common retirement plans for self-employed individuals: traditional IRA, SIMPLE IRA, SEP IRA, individual ...

Self-employed workers lack employer-sponsored retirement plans but have other options for tax-advantaged retirement accounts.

If you're one of the growing number of independent contractors, retirement planning can sometimes seem daunting given the ...

Becoming eligible for these plans may be easier than you think. “If you have a side hustle and self-employment income, you absolutely have the ability to start your own retirement plan,” says ...

I’ve talked in the past about how 401(k)s can be an amazing tool for building wealth for retirement. But most 401(k) plans ...

A solo 401(k) plan is a retirement savings option for self-employed individuals or small business owners with no employees, ...

calculated based on employee earnings and employment years. Best Retirement Plans for Self-Employed Individuals Solo 401(k)s are an option for business owners who work for themselves and have no ...

This “yearly raise” approach also works with contributions to self-employed retirement plans, such as a Simplified Employee Pension plan or Savings Incentive Match Plan for Employees IRA ...

Here are some details on the best self-employed retirement plan options out there based on the 2005 tax rules: Simplified employee pensions--referred to as SEPs or SEP-IRAs--are generic retirement ...