Pension Options for Sole Proprietors

Sole proprietors face unique challenges with regards to establishing their own pension plans. Many simply set up an IRA and think all will be well when their retirement arrives. Many of these folks are also unfamiliar with the different IRA’s available to them and may even be claiming tax deductions that they are not even entitled to. In this article I highlight some of the different pension plans available to sole proprietors so as to help those who are looking for such a plan make an informed decision.