Retirement Savings Options for the Self-Employed
Being self-employed or owning a small business gives you a certain measure of freedom in your career. According to the U.S. Bureau of Labor Statistics, 15 million people were self-employed in 2015 or about 10% of the country’s workers. There are a variety of retirement plan choices for business owners or freelancers including a traditional or Roth IRA, a solo 401(k), a SEP IRA, or a SIMPLE IRA. Here are some of the options you may want to consider.