I'm self employed, so I've started to look at what my options are for saving (tax-free) for retirement. Of course I can do an IRA or Roth IRA, but those have lower caps than a 401k.

I had thought Simple-IRA was a 401k clone for the self-employed, but looking at the details now, it seems it's for small business employees instead.

What other options are there?

1 Answer 1


You can open a self-employed 401k, here's an example. You can deposit up to 50K (including the personal cap and the profit sharing/matching portion).

  • Heh, I had thought 401k was strictly for companies, so I hadn't even looked at those. thanks!
    – Patches
    Commented Jan 3, 2012 at 23:04

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