Retirement Planning

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SIMPLE IRA: Self Employed Contributions and Limits

By MBO Partners

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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Benefits

Defined Benefit Plan for the Self-Employed: Pros and Cons

By MBO Partners

Retirement planning is a top concern for self employed professionals and a defined benefit plan is one of the options to consider. The best option for you will depend on a number of factors including your personal goals and income level, which you can discuss with a financial advisor. What is a Defined Benefit Plan? Think…

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Starting a Consulting Business After Retirement: 4 Tips

By MBO Partners

A big career change like retirement can unsettle even the most accomplished professionals. But if you’re like many people who still feel like they have great work to do, you can use your transition to retirement as an opportunity to launch a profitable and fulfilling career as an independent professional, joining a 38 million-strong workforce of talented workers….

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Planning for Retirement as an Independent Contractor

Planning for Retirement as an Independent Contractor

By Rian Ervin

What retirement plans for independent contractors exist in today’s world? Traditional employees (usually) have a 401(k) or the equivalent to help prepare for retirement. But, when you run your own business, putting a plan in place falls into your realm of responsibilities.  Thankfully, there are a ton of retirement plans for independent contractors available. But,…

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Retirement Planning Tips For Self Employed Professionals

Retirement Planning Tips For Self Employed Professionals

By MBO Partners

As an independent professional, you love what you do, but looking forward towards the end of your career you won’t be running your business on a full-time basis forever. More than 15 million independents work full time, more than 15 hours per week. Whether you are just starting your small business or you have an…

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Solo 401k for Self Employed and Small Businesses

By MBO Partners

The challenge and uncertainty of planning for retirement is a common concern among self-employed professionals, even as you enjoy the flexibility, control, and creativity an independent career offers. 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…

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Retirement Options SEP IRA for Self Employed Professionals

Retirement Options: SEP IRA for Self Employed Professionals

By MBO Partners

As a self-employed professional, you enjoy the flexibility, control, and creativity an independent career offers. However, 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…

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Overcoming the Top Consulting Challenges

Overcoming the Top Consulting Challenges

By MBO Partners

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 State of Independence report, we surveyed independent consultants to learn about their experiences, goals, and difficulties. Here, we…

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4 Retirement Plan Options for Self-Employe

4 Retirement Plan Options for Self-Employed

By MBO Partners

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 solutions…

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