Retirement savings opportunity for the self-employed

Did you know that if you’re self-employed you may be able to set up a retirement plan that allows you to contribute much more than you can contribute to an IRA or even an employer-sponsored 401(k)? There’s still time to set up such a plan for 2017, and it generally isn’t hard to do. Among your options are a profit sharing plan, a Simplified Employee Pension (SEP) plan and a defined benefit plan. Whether you’re a “full-time” independent contractor or you’re employed but earn some self-employment income on the side, contact us to learn more about your options.