A closer look Retirement Planning for the Self-Employed
- When it comes to saving for retirement, self-employed individuals have no access to corporate 401(k)s or other employer-sponsored plans. Like everything else related to their employment, the responsibility for retirement planning is theirs alone.
- Still, if you’re self-employed, you have many retirement planning options, some of which offer greater opportunities to reduce taxes and build retirement savings than the various employer-sponsored retirement plans.
- In this A Closer Look, we review several of the most effective and popular retirement planning options for self-employed individuals.