Self-Employed Benefits

SIMPLE IRA: Maximum Contributions and Limits for the Self Employed

April 7, 2017

Self-employed professionals enjoy the flexibility, control, and creativity an independent career offers, but the challenge and uncertainty of planning for retirement is a common concern. At a traditional job, you have the benefit of built-in retirement options, but this field can be more difficult to navigate on your own. Fortunately, there are a number of…

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What is Home-Based Business Insurance?

March 29, 2017

If you’re a self-employed professional working from the comfort of a home office, business insurance may be the last thing on your mind. But most homeowners’ insurance policies don’t cover losses sustained by a home-based business, which can lead to costly claims, unexpected legal expenses, and damages to your company. Self-employed professionals who work from…

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The Challenges of Independent Consulting: Income and Retirement

January 1, 2017

Working as an independent consultant and being your own boss offer a number of benefits including setting your own hours, determining your specialties, and choosing your clients. However, independent consulting is not without its challenges. In MBO’s 2016 State of Independence report, we surveyed independent consultants to learn about their experiences, goals, and difficulties. Here,…

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Portable Benefits 101: What Are They, and How Do They Help Self-Employed Professionals?

August 25, 2016

As the American independent workforce continues to grow, the discussions surrounding non-employee and self-employed benefits and protections continue to gain steam. A potential solution to this issue, portable benefits, has been receiving significant attention in the media. Portable benefits are a proposed system that would allow an independent contractor, or their clients, to pay into a…

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Retirement Planning For Independents

March 24, 2016

As an independent consultant, you love what you do. Reality dictates, however, that you may not want to continue doing it on a full-time basis forever. With over 17.8 million fulltime independents working more than 15 hours a week, there is no better time than the present to consider your future. After all, 29% of…

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