Retirement

Sole proprietorships, those who are self-employed and traditional employers all have a way to share profits through what’s known as a simplified employee pension plan (SEP). This way, employers are eligible for tax deductions whenever they make employee pension plan contributions. Even better with...

These days, it’s easier than ever for small business owners and self-employed individuals alike to have options for retirement accounts, and a savings incentive match plan for employees (SIMPLE) is just one such option. This particular plan is just as great for employees as it is employers for its...

If you are starting your retirement planning, the first part of deciding how your investment and savings plan should go is deciding how much you will need to be comfortable. There’s a rule of thumb that says you can plan on needing 80 percent of your former salary, and it is the number that many [...

If you are starting to plan for retirement, it’s easy to get confused by the number of instruments that exist to help you with that plan. This is especially true since so many of those instruments have complex rules regarding how they can be used without incurring tax penalties that undermine thei...

A traditional IRA is a type of retirement savings plan that allows the holder to invest money tax-free towards retirement. As long as the holder does not make withdrawals from the IRA, he or she is not required to pay taxes on it. However, once the holder begins to make withdrawals in retirement ...