JulieS
Expert Alumni

Business & farm

Yes, you can just use your Traditional IRA, but if you open a Self-Employed Retirement Plan, you may be able to save more money. 

 

You can contribute up to $6000 (or $7000 if you are over 50) into your Traditional IRA as long as you have at least that much earned income.

 

If your goal is to contribute more than that, you should consider other options.

 

Click here for more information. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"