I am self-employed, no employees- save for IRA what other retirement plan can I own.?

Can I set up a SEP-IRA which allows a difficult contribution?

Answers:
sure and you should do it!
Get a Koegh.
I surmise you can set up a Keogh Plan.
You sure can, check into a simple ira as economically.

Both these are great, especially if you then hire someone.
Yes. Mutual fund companies and possibly some bank can give support to you set up a SEP-IRA. You can contribute somewhere around $45,000 max to a SEP-IRA, although you'd obligation around $200,000 of self-employment income to bring back to that smooth.

You can also enjoy a SIMPLE IRA, but the contribution constrict in attendance is lower, around $10,500. It's not more than ever "simple," nor is a SEP-IRA more than ever simple. Both are more complex than IRAs because they can be set up to include accounts for organization. But if you set up a SEP-IRA only for yourself, you'll catch the hang down of it after the first year, and it won't be deeply of hassle.


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