What age should I start saving for retirement?
As soon as you earn a paycheck, I’m not kidding.
As a person who is self-employed, how much should I save for retirement?
There are two sides to consider: what you are allowed to contribute and what you can afford to contribute.
What is a SEP IRA?
The SEP IRA (or Simplified Employee Pension IRA) allows you, the self-employed individual, to setup a retirement account.
Why is the power of compounding so important for retirement purposes?
Compounding interest is when you are paid interest, on the previous interest you earned, hence compounding.