No. of Recommendations: 0
Greetings all,

I have a "real" full-time job and also do some sole-proprietor-type work on the side that generates a moderate amount of income for me. I've maxxed out on the ROTH and am trying to figure out another option for retirement investing besides the 401(k) since my employer does not match.

I've done preliminary reading on the SIMPLE IRA. Does anyone have experience with this? It seems I can use this as a self-employed, sole-proprietor; however, do I need to have been making contributions all year long, or can I make a contribution at the end of the tax year?

Any help would be appreciated--I've looked all over and remain confused.

Thanks in advance!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.