When you’re the boss, you can contribute an additional 25 percent of compensation in addition to your employee contribution for a ,000 maximum.
For the self-employed individual, these plans are relatively low cost and easy to administer.
As a first step, you may want to consult with your financial advisor to determine which plan is right for you and your business.
Whether you're just entering the workforce as a newly minted entrepreneur or freshly self-employed after years of being in the traditional workforce, there's no doubt that you have a laundry list of things that need to get done.
From the daily machinations of setting up computer systems and phone lines for your business to the big picture plans for your new company, it probably seems as though there are not enough minutes or hours in the day.