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SEP IRA: What You Need to Know About This Retirement Plan Option

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Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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Americans’ Outlook On Retirement Is Bleaker Than Ever

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What’s going on: Gallup published a report revealing that only 43% of nonretirees think they will have enough money to live comfortably in retirement. The survey shows that fewer Americans feel confident about their retirement prospects, and many are expressing concerns about their ability to save enough for retirement.

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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

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Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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Economic Uncertainty is Driving Baby Boomers Back to the Workforce

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sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

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Intel Execs Take a Pay Cut: CEO Gelsinger to Reduce Base Pay by 25%

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Just days after Intel reported a dismal fourth-quarter financial performance, executives announced they would be taking pay cuts , while lower-level employees would see tens of millions of dollars in benefits reductions. million base pay. million base pay.

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5 Financial Basics Everyone Should Know

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If you’re struggling to make ends meet and still save money for emergencies, look for ways to cut unnecessary costs. Saving for retirement Saving for future expenses can be one of the most challenging financial basics to master. No one has a crystal ball to tell them how much they’ll need in retirement.