Self-employed
Choosing the right self-employed retirement plan for you
According to the Bureau of Labor Statistics, almost 16 million Americans are self-employed. There are benefits to being self-employed, including being one’s boss, but there are downsides. One is you must take control of your retirement planning. It can be…
A SEP IRA offers distinct advantages if you’re self-employed
A 401(k) plan is a company-sponsored retirement account to which employees can contribute income, while employers may match contributions. But what if you are self-employed? Simplified Employee Pension Plans (SEP IRAs) help self-employed individuals and small-business owners get access to…
Contemplating Self-Employment? Here’s How Social Security Tax Works,
If you’re thinking of joining the ranks of the self-employed workers, or moving into the “gig economy,” you need to have full understanding of how Social Security taxes are handled. This www.rothira.com post by Daniel Kurt provides a quick review of…