There are five main choices for the self-employed or small-business owners: an IRA (traditional or Roth), a Solo 401(k), a SEP IRA ... does not offer advisory or brokerage services, nor does ...

A solo 401(k) allows self-employed people to save more for retirement ... NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or ...

A solo 401(k), also called an individual 401(k), lets you save more at lower income levels. Since you're self-employed ... SEP is usually available at most brokerage firms, mutual fund companies ...

Since the virtual disappearance of the defined benefit pension, many employers have offered employees 401(k) plans, which are defined contribution plans. Under 401(k)s, employees can contribute a ...

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 ... in a taxable brokerage account.

But past surveys have indicated that fewer than two-in-ten of the self-employed who work in a solo business have a retirement account that they fund. It’s woefully low when compared to rates of ...

When conducting a solo 401(k) vs. SEP IRA comparison, variations can be seen with respect to eligibility, catch-up contributions, loan provisions, and more. If you’re a self-employed person ...

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or ...

Companies of any size with more than one employee can open a 401(k) and experience savings of up to $995 in setup costs, and self-employed and owner-only shops with no employees can open a Solo ...

“For the self-employed individual ... you see with IRAs and 401(k)s. However, the higher contribution limits of a SEP IRA ...