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 ...
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 ...
How Does a SEP-IRA Work? A listener named Wasittha asked me the following question: “I’ve been trying to max out my IRA and 401(k). However, I’ll be unemployed next year for a while–hopefully not for ...
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 ...
As a small business owner, carving out a reliable path to retirement for yourself and your employees is an important part of your financial plan. When thinking about the retirement plan options ...
Self-employment definitely has an upside. You have a lot more control over your life when you work for yourself. The inevitable trade-off is that you lose the perks that many employees take for ...
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 ...