Watch: Retirement plans for the self-employed
The SEP IRA and Individual 401K are two ways that self-employed individuals can save for retirement.
Thu, Sep 06 2012 at 11:00 AM
If you’ve recently transitioned from employee to self-employed, then you may be wondering how you save for retirement. Money Magazine’s Walter Updegrave describes how the self-employed can sock away savings for their future, including a SEP IRA
and an Individual 401K. One of the perks of an individual 401K is that you are treated like an employer and an employee and can save up to an additional $17,000 per year.
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.