My Money Blog has an insightful post about retirement savings plans for the self-employed. It looks at the differences between SEP-IRAs and self-employed 401(k)s.
One of the negatives of freelancing is that you have to establish and administer your own retirement plans. Thankfully my two years of brokerage and banking experience, coupled with reading The Motley Fool, has given me the knowledge to make informed decisions.
I’ve just been saving for retirement in a Roth IRA, but am thinking about opening a SEP-IRA as well.Tags: Business, Freelancing, Motley Fool, Retirement, Self-employed 401(k), SEP-IRAs