Question 1

What is a solopreneur?

Accepted Answer

A solopreneur is an entrepreneur who starts and runs their business independently, without a co-founder or partners. They may hire contractors or freelancers for support, but they are the sole owner and decision-maker.

Question 2

What are the best retirement planning options for solopreneurs?

Accepted Answer

Solopreneurs have several great retirement planning options, including a SEP IRA, a Solo 401(k), or a SIMPLE IRA. The best choice depends on your income, business structure, and retirement goals. It's wise to consult with a financial advisor to determine the most suitable plan for your specific situation.