Beyond the standard 401(k) and IRA, several other retirement savings vehicles exist for different work situations and income levels. This category covers plans like SEP IRAs, Solo 401(k)s, SIMPLE IRAs, and Keogh plans—options designed for self-employed people, small business owners, and those with side income. You land here to understand which plan structure matches your work arrangement and how much you can contribute each year.
The articles explore how these plans work, contribution limits, withdrawal rules, and how they compare to traditional retirement accounts. You'll learn whether a Solo 401(k) makes sense for your freelance business, how a SEP IRA handles variable income, and what happens to these accounts when you change employment or retire.