Planning Ahead

Saving For Retirement

What if I am self-employed, is there a similar program for savings for retirement?

Yes, self-employed people may open an individual retirement account (IRA), and contribute up to $5,000 per year if you are under 50, or $6,000 per year if you are over 50. There are several types of IRAs that are described on pages 74 to 75 of this book.

Close

This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App