Were you aware that retirement plans for those who are self-employed are either good or extremely good? And that you can save even more money than you ever could have with a traditional employer plan? As far as we’re concerned, a well-chosen retirement plan can definitely allow entrepreneurs and those who are self-employed to bankroll a bright retirement.
Those who are self-employed have many options, including some defined contribution plans, like a solo 401(k), SEP-IRA, and SIMPLE IRA. Although many would probably think that being self-employed has many downsides, in the sense that you don’t automatically get an offer from an employer, like a 401(k) plan with a company match on your contributions, things aren’t actually that bad. In fact, self-employed retirement can be even better!