{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/69f4f152e1fad0f98a72cbf8?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Best Retirement Plans for Self-Employed & Small Business Owners","description":"<p><strong>1017.</strong> If you think that you must have a cushy job to access a retirement plan, you’re mistaken. There are excellent retirement accounts for the self-employed or those running a small business. Laura reviews the rules, pros, and cons of different retirement plans you might choose based on your income, business size, and financial goals.</p><p><strong>Key Takeaways:</strong></p><ul><li>Whether your employer doesn’t offer a retirement plan or you’re self-employed, you can save for retirement using one or more tax-advantaged accounts.</li><li>Anyone with earned income qualifies for a traditional IRA, making it an excellent option for investing on a pre-tax basis.</li><li>If you have earned income that’s less than an annual threshold, you qualify for a Roth IRA, which gives you tax-free income in retirement.</li><li>If you have income from a business with no employees, other than a spouse, you qualify for a solo 401(k), which offers the highest contribution limits.</li><li>If you have income from a business with or without employees, you qualify for a SEP-IRA.</li></ul><p><br></p><p><strong>Upcoming Wedding Series:</strong> We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: money@quickanddirtytips.com or leave a voicemail: (302) 364-0308.</p><p><br></p><p>Discover more from Money Girl!</p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p><p>Email: <a href=\"mailto:Laura@LauraDAdams.com\" rel=\"noopener noreferrer\" target=\"_blank\">Laura@LauraDAdams.com</a> or leave a voicemail: (302) 364-0308.</p>","author_name":"QuickAndDirtyTips.com"}