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URL:  https://boards.fool.com/dont-forget-also-the-fact-that-the-irs-and-30302556.aspx

Subject:  Re: "Agent economy" of part-timers Date:  10/5/2012  1:53 PM
Author:  Gingko100 Number:  405364 of 556975

Don't forget also the fact that the IRS and Congress severely restricts your ability to save for retirement if you are a contract employee unless you have the ability to create a SEP.
Yes, contractors can create SEPs, and it is a better saving vehicle than a 401K unless your employer does a crazy high match. You can save up to $50K (limited to 25% of salary) for 2012.
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