Retirement Plans for Self Employed

Self-employed individuals face a number of challenges independent of “running their business”.    One of the greatest challenges is selecting a retirement plan that meets the unique needs of their company.  Until recently, self-employed workers were limited in the ways they could shelter their income and save for future goals.  Most would choose to use a Simplified Employee Pension (SEP) as it was easy to establish and the most popular amongst their peers.  In recent years, however, a compelling alternative to the SEP has emerged, the Individual 401(k).

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