Retirement Savings for Freelancers: Solo 401(k) vs. SEP IRA

Self-employed people can still save for retirement even if they don’t have a job with a 401(k). You usually have two main options: a simplified employee pension (SEP) or a solo 401(k). This U.S. News & World Report  article explains how these plans work and strategies to help you make the most of their tax advantages.

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