Archive for the 'Retirement' Category


2010 Roth 401k and Roth IRA Limits

Start planning! The IRS just released the 2010 Roth IRA limits and Roth 401k contribution limits.
The 401k limits and IRA limits will remain the same in 2010. I highlight the Roth IRA and the Roth 401k because they are my favorite retirement plans; limits for traditional 401ks and IRAs will also remain unchanged in [...]


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Solo 401k Versus SEP-IRA

Solo 401k or a SEP-IRA, which one is the best retirement plan for the self-employed?
When I told you about my struggles with my Solo 401k contribution at Fidelity, Lee suggested I look at the SEP-IRA, which made us take a step back and relook at all the available plans; the Solo 401k, the SEP-IRA, [...]


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Solo 401k Retirement Plan for the Self-Employed

Today we’ll wrap up our look at various retirement plans ideal for small business owners and the self-employed with the one that inspired the series – the Solo 401k. So far, we’ve looked at the SEP-IRA and the SIMPLE IRA.
Solo 401k Overview
A Solo 401k combines the characteristics of a regular 401k plan with a [...]


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SIMPLE IRA Retirement Plan for the Self-Employed

SIMPLE IRAs are up next as we continue the series exploring three different types of retirement plans ideal for small business owners and the self-employed. Yesterday, we started the series with an in-depth look at the SEP-IRA.
SIMPLE IRA Overview
SIMPLE stands for Savings Incentive Match Plan for Employees. SIMPLEs were established to encourage small businesses [...]


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SEP-IRA Retirement Plan for the Self-Employed

After Madison posted about her Solo 401(k) woes, a reader, Lee, suggested she look into a SEP-IRA instead. Let’s take a step back and explore 3 different types of retirement plans ideal for small business owners and the self-employed. We’ll start the series with an in-depth look at the SEP-IRA.
SEP-IRA Overview
SEP stands for Simplified [...]


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