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Self-Employed Retirement

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You've mastered independence in your career

Now master your retirement planning.

If you've built your career as an entrepreneur, freelancer or business owner, you've enjoyed the freedom and autonomy that comes with being your own boss. But you've also shouldered responsibilities that traditional employees never face — including creating your own retirement plan, managing variable income and navigating complex tax situations.

 

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Guidance That Fits Your Life Today

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The Solo 401(k) (or Individual 401k). This plan is designed for business owners with no employees (other than a spouse). It allows you to contribute as both an employer and an employee, often resulting in much higher contribution limits than a standard IRA or SEP IRA.

For high-income business owners wanting to save aggressively (often $100,000-$300,000+ annually). These plans are complex and expensive to administer but unmatched in your contribution potential. They’re best for established businesses with stable, high income and owners in their 50s or 60s wanting to catch up quickly.

For the self-employed, the HSA is the only "Triple-Tax Advantaged" tool. You get a tax deduction for contributions, tax-free growth and tax-free withdrawals for medical expenses. After age 65, you can withdraw HSA funds for any purpose (taxed as ordinary income, like a 401(k)) without penalty. High-earning self-employed individuals often "max out" their HSA before their IRA because it has no income "phase-out" limits.

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Dale Kooyenga

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