Has your small business procrastinated in setting up a retirement plan? You might want to take a look at a SIMPLE IRA. SIMPLE stands for “savings incentive match plan for employees.” If you decide you’re interested in a SIMPLE IRA, you must establish it by no later than October 1 of the year for which you want to make your initial deductible contribution. (If you’re a new employer and come into existence after October 1, you can establish the SIMPLE IRA as soon as administratively feasible.)…
7 Roth IRA Mistakes To Avoid: Investing in a Roth IRA isn't rocket science, but investors from all walks of life tend to encounter the same potential pitfalls over and over. Here are some mistakes to avoid. http://www.biblemoneymatters.com/7-roth-ira-mistakes-to-avoid/
The complete guide to SEP IRAs and #retirement planning. SEP individual retirement accounts (IRA) are a great alternative to a 401k for self-employed individuals.
Pension Plans – Financial Services A plan in which the employer makes contributions on a tax-favored basis to individual retirement accounts (IRAs) owned by the employees. If certain conditions are met, the employer is not subject to the reporting and disclosure requirements of most retirement plans. Under a SEP, an IRA is set up by or for an employee to accept the employer’s contributions. http://www.bulen.com/pension-plans-financial-services/
Hopefully by now you know that an IRA is an Individual Retirement Account and a 401(k) is also a retirement account – both have unique tax benefits compared to other forms of investing. However, if you are a freelancer, like so many people in (and out of) the arts are, you may not have access…