Self-employed individuals can choose from various retirement plans like SEP-IRAs, Solo 401(k)s, or SIMPLE IRAs. SEP-IRAs allow contributions up to 25% of net earnings, Solo 401(k)s permit higher contributions and loan options, while SIMPLE IRAs offer easier administration with employer contributions. Each plan offers tax advantages and flexibility tailored to different income levels and retirement goals. To know more visit here https://www.andreawardcpa.com/retirement-wealth-planning-fort-worth-tx
