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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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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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Why It’s Time to Retire the Term “Hybrid Work”

Allwork

The word “hybrid” gets used a lot relative to workplace strategy, but it may be time to retire the term. . Likewise, workers who work from both the home and office reported the highest productivity and the highest level of support when compared to employees who work only at home or only in the office, according to Leesman research.

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Examining The Global Impact Of The Gig Economy Explosion

Allwork

In most of the regions analyzed by the report, more women were found to be participating in the online gig economy than they were in the general labor market. For example, in world regions like Sub-Saharan Africa, job postings for gig workers on the world’s largest digital platform grew exponentially by 130% from 2016-2020.

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5 Financial Basics Everyone Should Know

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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. Although it’s a good idea to contribute as much as possible for retirement, don’t despair if you can’t save as much as you’d like right now.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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Your client will also send a copy of the 1099-NEC to the IRS, so reporting every dollar is vital. Even if a client doesn’t send you a tax form, reporting the income is still important. Proving that you paid taxes on all of your freelance income, not just what was reported, can be helpful if you’re ever audited.

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. And 85% of these HR leaders reported that financial wellness benefits are more important than even a year ago, the study found.