Simple Employee Pension (SEP) IRAswere designed with small business owners and self-employed people, including freelancers, in mind. Thanks to its super-high contribution limit, the SEP IRA lets you sock a lot of money away for retirement. For 2020, you can put in either$57,000 or 25 per...
The maximum 401k contribution limit for 2025 increases to $23,500, up from $23,000 in 2024. Your 401k is one of the three legs of the new retirement stool: you, you, and you. Historically, the 401k contribution limit usually increases by only $500 every two to three years. However, ...