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TAX PLANNING

Retirement Planning For the Self-Employed

By The BIDaWIZ Team on August 17th, 2012 at 2:00 am

We are finding that the older generation or those between the ages of 55 to 64 years old, are increasingly working for themselves. The retirement planning decisions that these individuals make are critical for their financial future. There are two main options that allow self-employed individuals to deduct a portion of their income and grow it tax-free. They are the individual 401(k) and the SEP-IRA. .
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