Freelancer? Gig worker? Self-employed superhero? Retirement isn’t just for 9-to-5ers! As your own boss, you’re also your own retirement planner. Luckily, there are awesome retirement accounts specifically designed for the self-employed, offering tax advantages and future financial security. Imagine building your own retirement nest egg, tax-advantaged and tailored to your entrepreneurial life.
SEP IRA (Simplified Employee Pension IRA): Easy to set up, high contribution limits (up to 25% of net self-employment income). Solo 401(k): Both employee and employer contributions allowed, even higher contribution potential. SIMPLE IRA (Savings Incentive Match Plan for Employees IRA): Simpler than a Solo 401(k), good for smaller businesses or solopreneurs.
Choose the account that best fits your income and savings goals. Contributions are often tax-deductible, reducing your current tax bill while saving for the future. Retirement accounts for self-employed: Freelance today, financially free tomorrow! Retirement planning: Boss up your future!