Retirement plans available to the self-employed include

Question

Quizplus · Accepted Answer

All of these retirement plans are available to the self-employed, but the best choice depends on individual circumstances.

- IRAs are the simplest and most flexible option, but have lower contribution limits. 
- SEP-IRAs are easy to set up and have higher contribution limits (up to 25% of net earnings), but require contributions for all eligible employees. 
- Keogh plans are more complex and require more administrative work, but can offer even higher contribution limits and more investment options.

Therefore, the best choice(s) depend on factors such as income, business structure, and desired contribution level. It is recommended to consult with a financial advisor to determine the most appropriate retirement plan for each individual's situation.

Retirement Plans Available to the Self-Employed Include