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  2. What is a Keogh plan? - AOL

    www.aol.com/finance/keogh-plan-153028533.html

    Contribution limits. Defined benefit Keogh plans do not have contribution limits. 401(k)s limit you to $23,000 in contributions in 2024 if you’re under 50 years old. For those age 50 and older ...

  3. Keogh plan - Wikipedia

    en.wikipedia.org/wiki/Keogh_Plan

    The main benefit of a Keogh plan versus other retirement plans is that a Keogh plan has higher contribution limits for some individuals. For 2011, employees can generally contribute up to $16,500 per year, and the employer can contribute up to $32,500, for a total annual contribution of $49,000.

  4. SEP-IRA - Wikipedia

    en.wikipedia.org/wiki/SEP-IRA

    SEP contribution limits are computed not from net profit but from net profit adjusted for the deduction for self-employment tax (2019 Form 1040 Schedule C, line 31; 2019 Form 1040, Schedule F, line 34; or 2019 Form 1065, Schedule K-1, box 14, code A). Barring limits, this is half the 15.3% FICA tax, levied on net earnings, which is 92.35% of ...

  5. Best retirement plans for the self-employed - AOL

    www.aol.com/finance/best-retirement-plans-self...

    Here are the details on self-employed retirement plans, including which may be the best. ... (Roth) basis – but supercharges it, with a $70,000 maximum annual contribution limit in 2025.

  6. A complete guide to SEP IRAs: Why those who are self-employed ...

    www.aol.com/finance/complete-guide-sep-iras-why...

    About 16.5 million people in the U.S. are self-employed, according to 2023 data from the Bureau of Labor Statistics. ... plan, and the modest contribution limit for a traditional or Roth IRA just ...

  7. Solo 401 (k) - Wikipedia

    en.wikipedia.org/wiki/Solo_401(k)

    In order to qualify for a Solo 401(k), an individual must claim some self-employed income. However, he/she does not need to work full-time in a self-employed capacity. A common example of part-time self-employed income is an individual who works for an employer, but also does a little consulting on the side.

  8. How to Plan for Retirement if You're Self-Employed - AOL

    www.aol.com/finance/plan-retirement-youre-self...

    No self-employed person has to be envious of other workers’ pensions, IRAs, or 401(k)s with these approaches to retirement planning you can do largely on your own.

  9. SIMPLE IRA - Wikipedia

    en.wikipedia.org/wiki/SIMPLE_IRA

    These limits are different from the limits that apply to 401(k), 403(b), and 457 plans. [6] The SIMPLE plan can technically be funded with either an IRA or a 401(k). There is almost no benefit to funding it with a 401(k), because the lower contribution limits of the SIMPLE are required as is the expensive extra administration of the 401(k).