Do you have income from self-employment? You may use this income as a source to fund a special IRA known as a Simplified Employee Pension or SEP-IRA. You as the employer contribute to your SEP-IRA. If you have employees, you must contribute to their SEP-IRA also. Employees (including you) may not contribute. The contribution limit is based on self-employment income, but may not exceed $56,000 for 2019.
Are you a candidate for a SEP-IRA? Contact me for additional details.
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