The Self Employment 401k
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A self employment 401k and three other retirement plans for the self employed are explained by SmartMoney. Among the possibilities is a defined benefits pension plan.
Prudential Financial Services is also proposing a multi-employer pension plan so small businesses can also offer employee benefits systems.
SmartMoney: Four Self Employment Retirement Plans
SmartMoney emphasizes four ways the self-employed can save for retirement.
The Four Plans
Here are the four self employment retirement plans presented in September of 2010 by SmartMoney:
- The Individual 401k, serving functionally as a self employment 401k with generous limits on 401k contributions
- A SEP IRA with the SEP contribution deadline mandated by law
- A Simple IRA
- A defined benefits pension plan for the self employed
Topic: Pensions for the Self Employed
Subtopics: SmartMoney • Individual 401k • SEP IRA • SIMIPLE IRA • Defined Benefits Pension • SEP & SIMPLE Deadlines • Multi-Employer Plans
Topic: Pensions for the Self Employed
Subtopics: SmartMoney • Individual 401k • SEP IRA • SIMIPLE IRA • Defined Benefits Pension • SEP & SIMPLE Deadlines • Multi-Employer Plans
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