As an employee, you’re stuck with whatever retirement plan your company provides. Sure, you can still make regular IRA contributions even with the lower limits. That’s not the case if you have your own business. If you’re self-employed or a small business owner there are several retirement plan choices beyond 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…
Investors are always looking for yield and a way to protect their interest payments. But changing interest rates can get in the way sometimes. Whether you’re looking for income investments or just want a different bond allocation, floating rate bonds might be a worthy alternative in the right environment.
I fully believe anyone can become a do it yourself investor. That you can make educated investment decisions over the course of your life. I also believe that most people need a financial advisor too. Here’s why?
Did you know, you don’t have to join in the last-minute rush to file your taxes? There is an easy way to file an automatic tax extension that gives you an extra six months to file your return.