If you are self-employed, you still have choices. For example, you might opt for a SEP IRA or a solo 401(k). Every year, the IRS sets contribution limits for IRA and 401(k) accounts, usually with ...

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 ...

IRA, or Simplified Employee Pension IRA, is a retirement savings account for self-employed individuals and business owners.

An employee is eligible to participate in a SEP IRA if he or she is at least 21 years old and has worked for the company in three of the last five years, and received at least $600 in compensation ...

I spoke with CPA Emily Luk, who had four tips to reduce my 2024 tax payment. 1. Make a big contribution to my SEP IRA Luk ...

If deciding what to do with an old 401(k) plan has been on your to-do list, here are the key steps you should take to get it done.

IRA is a great way to maximize retirement savings, particularly for those who are self-employed or run a small business.

It's never too early or too late to plan for retirement. Speak with a financial advisor today to get started. SIMPLE IRAs (Savings Incentive Match Plan for Employees) and SEP IRAs (Simplified ...