Comments on: A New Retirement Option for Freelancers

By: thursday

thursday — Tue, 14 Apr 2009 17:23:29 +0000

There are definitely days when I feel that at least taking a simple approach — even if it isn’t the most effective option out there — is still a step in the right direction for most freelancers.

It’s certainly best to do the research and find the right option for your individual needs, but at least having something in place is better than nothing.

By: stephanerd

stephanerd — Mon, 13 Apr 2009 19:25:49 +0000

As you mention above, the step they’re taking is admirable, and bodes well for freelancers. It’s worrisome, however, that many freelancers who don’t have a clue about how these things work (me!) may default and use this one just because the process is simplified for them, without doing more extensive research.

By: Freelancedom » Blog Archive » 401(K) for Freelancers

Freelancedom » Blog Archive » 401(K) for Freelancers — Mon, 13 Apr 2009 19:16:24 +0000

[...] is stepping up to the plate with an easy plan for freelancers but, as Thursday Bram mentions in a post on her own blog, “there are many freelancers who will be able to save more money with a SEP IRA or another [...]

By: Melissa Ek

Melissa Ek — Mon, 13 Apr 2009 18:12:29 +0000

I started a self employed 401(k) last year at my CPA’s suggestion. I had a SEP and a traditional IRA in place already. The thing that enticed me with the 401(k) is that i could contribute substantially more than into my SEP. You can contribute as an employer AND as an employee (like matching). I believe it’s something like up to 24% of your salary can be put into a 401(k) as opposed to 15% or so with a SEP. Double check those numbers, bc I can’t remember, but I know it was a big difference.

By: thursdayb (Thursday Bram)

thursdayb (Thursday Bram) — Mon, 13 Apr 2009 17:25:29 +0000

Twitter Comment

Wrote a little about the Freelancer's Union retirement plan for freelancers last week [link to post] — is there news or reaction to it?

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