As an employee, you’re stuck with whatever retirement plan your company provides. Sure, you can still make regular IRA contributions, but those are limited. That’s not the case if you have your own business. If you’re self-employed or a small business owner you have several retirement plan options beyond just the basic IRA.
The best self-employed retirement plan will depend on your business plan, how much you want to contribute, how many employees you have or expect to have, and if you get income from a regular job.
Self-Employed Retirement Plans
SEP IRA
The Simplified Employee Pension plan or SEP IRA is one of the easiest retirement plans to set up. You can quickly open a SEP IRA through most brokers with very little paperwork. Continue Reading…
Tax season can be a busy time collecting all those tax forms and preparing your taxes. There is one important thing you need to do before you 
The IRS increased the amount you can save for retirement with a slight boost to the 401k contribution limits for 2013. Every year the IRS must calculate cost of living adjustments for the 401k and other retirement related plans when the CPI (Consumer Price Index) hits a certain threshold.
The IRS recently announced the inflation adjusted numbers for the 2013 IRA contribution limits. Cost of living adjustments are made each year when the inflation index meets certain criteria. It’s a must if you want your retirement savings to keep up with cost of living increases.
When you leave your job, do you really want to leave your retirement savings behind? It’s probably not the best idea. So why not bring it with you. There are several 401k rollover options available that allow you to take your retirement savings so you have better control of that money.