Freelance Retirement
Freelance Retirement
Out of context: Reply #5
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- johndiggity0
if you are self employed/an independent contractor (ie not paid by creative circle or aquent, etc...) you can open up a sep ira and i would contribute as much as you can to it. doing so will decrease your overall tax liability, therefor making the check you quarterly have to cut the ira smaller (and getting a refund as well).
just be sure you check the max contribution limit and the cut-off date to contribute. it's good to do if for nothing else than the tax break you'll get.
- typically they have a ceiling of $4kUSD , annuallymadirish