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 ...

Individual retirement accounts are special financial accounts designed to help people save for retirement. Between their tax-advantaged characteristics and their access to a wide range of investments, ...

Take a look at the differences between these retirement savings plans Fact checked by Suzanne Kvilhaug Reviewed by Charles Potters Two retirement plan options for employees of small businesses are the ...

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 ...

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 ...

Cost and administrative complexity are two of the most frequently cited reasons small businesses give for not offering a retirement plan. But the Simplified Employee Pension (or SEP) IRA and the ...