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Retirement planning for the self-employed
According to the latest figures released by the US Bureau of Labor Statistics (BLS), as of April 2021, the number of self-employed people in the US is 9.651 million. One of the downsides of being self-employed is that you don’t have the perks offered by many employers, including a 401(k) with a company match on your contributions. So how do they save for retirement? The self-employed have several plan options but choosing the right one requires thoughtful planning. James Royal explains three of the most popular defined contribution plans and who could find them useful. Read Mr. Royal’s article here…