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Greetings, T, and welcome. You asked:

<<I've been a self-employed engineer for several years now, but have not put any funds into a retirement type account (stupid, stupid, stupid!). What kind of a retirement (nontaxable) account is available to self-employed types. Any additional personal experiences are greatly appreciated.>>

The three used most often by self-employed small business owners are the SEP, Keogh and SIMPLE. You can get a brief overview of all three in my Foolish Retirement Plan Primer at You should also get and read IRS Publication 560 (Retirement Plans for Small Business) available at

Each of the three plans has a slightly different twist and complexity. Of the three, the SEP is the easiest to set up and administer, but the Keogh will almost certainly allow for the greatest possible contribution of all over time.

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