distribution and rollover rules as IRAs, according to the IRS. You’re eligible to contribute to a SEP IRA if you’re ...

SEP IRA rules categorically prohibit employees from ... you're prohibited from directly contributing to your own SEP IRA. If you are self-employed and receive contract income, you can establish ...

An employee is eligible to participate in a SEP IRA if he or she is at least 21 years old and has worked for the company in three of the last five years, and received at least $600 in compensation ...

Self-employed individuals also can set up a ... However, for business owners contributing to a SEP-IRA, the rules get more complex. When a business owner decides to contribute to their own SEP ...

Becoming a SEP-IRA millionaire may be easier than becoming a 401(k) millionaire. However, you will need to have self-employment income to contribute. Keep reading as we share the reasonably easy ...

Individual retirement accounts (IRAs) are tax-advantaged retirement savings vehicles that you can set up yourself. Traditional, SEP ... or have earnings from self-employment projects, those ...

Preparation for boom-and-bust cycles is a key component of retirement savings strategies for self-employed workers. Options such as a Solo 401(k), SEP IRA or SIMPLE IRA may offer higher ...

But you do need to pay attention to each plan's limits and rules. Not all solo ... of $100,000 and makes a $20,000 SEP IRA contribution. Along with his self-employment tax deduction of about ...

Choosing the right retirement plan can be confusing and overwhelming. Multiple options are available, which is a good thing, but understanding their attributes and intricacies takes time.

Self-employed people can still save for retirement ... you can contribute $13,940 to a SEP IRA or $33,440 to a solo 401(k) (which is $19,500 as the employee plus $13,940 as the employer).