SEP IRA vs. Other Retirement Plans for the Self-Employed: A Comparison
Introduction i) Overview of Retirement Plans for the Self-Employed When it comes to planning for retirement, self-employed individuals have several options available to them. These retirement plans cater specifically to their unique needs and circumstances, providing a way to save for the future without the traditional benefits of employer-sponsored plans. ii) Purpose of the Comparison […]
Who Can Contribute to a Cash Balance Plan in the USA?
Introduction In the United States, cash balance plans are a type of defined benefit retirement plan that provide a guaranteed retirement benefit to employees. These plans are becoming increasingly popular among employers as they offer a hybrid approach that combines features of both defined benefit and defined contribution plans. While the employer is primarily responsible […]
