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Solo 401ks and SEP-IRAs: Which Wins for Me?
Last year, I decided that it was time to get involved in a SEP-IRA. It only took about two years since my friend at RateLadder suggested the advantages of SEP-IRAs. It’s not so much that I was procrastinating, but that I needed my self-employment income to, well, buy stuff I needed. While I knew about [...]
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Retirement Accounts Funded (and Personal Finance Links)
Slipping in just before the tax deadline, I was able to squirrel away close to $19,000 in various retirement accounts. Because almost all my income was 1099 last year, a good portion of it was via a SEP-IRA. The rest of it was via Roth IRA. Now it’s time to start investing that. I’ve decided [...]
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SEP IRA: Self-Employed Retirement Plans
Are you self-employed and looking to retire someday? I am. Since this website brings in a little income, it qualifies as a small business. Additionally, I contract for some other companies, which also counts as small business income. The life of a contractor is often one without a 401k. Despite my Devil’s Advocate post of [...]
