Depending on what your goals are and how much you earn each year, will help to determine whether a SEP or SIMPLE would be better for you.You can choose any of the retirment plans mentioned previously, but the SEP and SIMPLE are the two easiest to setup and if you use a prototype plan it will not cost you anything to setup.SIMPLE will allow you to put the most in if you make Under $43,333.SEP will allow you to contribute upto 15% of your income upto $30,000 annually. And the total amount contributed is a pension expense (don't pay FICA & FUTA)
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