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Saving for Retirement When You’re Self-Employed: SEP IRAs, SIMPLE IRAs and Other Plans

NerdWallet's Smart Money Podcast

CHAPTER

Retirement Savings for Self-Employed

This chapter discusses the importance of retirement savings for self-employed individuals, addressing the challenges they may face and providing strategies to manage expenses and save for retirement. It explores different types of retirement plans available for self-employed individuals, including 401ks, SEP IRAs, and SIMPLE IRAs. The chapter also emphasizes the need to consult with a tax advisor and clarifies the difference between qualified retirement plans and regular brokerage accounts.

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