Self-employed workers and small-business owners who want an easy and inexpensive retirement plan should consider a Simplified Employee Pension IRA, or SEP IRA for short. SEP IRA plans are easier to ...

The SEP IRA is one of the best ways for small businesses and individual business owners to help employees save for retirement, and they’ll be able to contribute even more in 2025 than in 2024. The SEP ...

Explore the differences between SEP and Keogh plans, designed for small business owners seeking higher retirement contributions. Choose the best option for your needs.

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 is a great starter plan for a small business because it is easy to set up and maintain. Also, it provides funding flexibility with discretionary contributions. But sometimes, a small ...

Catch-up contributions, which are additional sums that individuals aged 50 and above can contribute beyond the standard limit, serve as a significant boon for those nearing retirement. However, their ...

A major part of retirement planning is choosing which type(s) of retirement accounts you want to use to hold your savings and investments. If you're self-employed, either a solo 401(k) plan or ...

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 ...

There is still time to minimize your 2022 taxes with a SEP IRA contribution, assuming you have self-employment or 1099 income. Tax season is here, which can be a treacherous time for small business ...

SEP IRAs and SIMPLE IRAs are ideal retirement savings accounts for small businesses and the self-employed. Knowing the plans' differences and similarities can help save you money for retirement.