Top Retirement Plans for Self-Employed Individuals

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Self-employed individuals have access to several advantageous retirement plans that can significantly exceed traditional employer options, allowing substantial savings. Key options include the solo 401(k), which provides the ability for high contributions and investment flexibility; the SEP IRA, suitable for high earners; and the SIMPLE IRA, which is user-friendly for small employers. Each plan caters to different business structures and earnings, making it crucial for self-employed persons to evaluate their financial situations to choose the best option for retirement savings.

Source: YAHOO

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