female flower shop owner on telephone The retirement plan you select depends on severalfactors. (Photo: Shutterstock)

A defined contribution plan such as a 401(k) is astraightforward way to save for retirement for most employees.However, it's not so simple for self-employed individuals who facea number of different retirement plan options and strategies.

For self-employed individuals with no employees, establishing aretirement plan for your business may sound like a dauntingprocess, but a review of each option will help make the decision onthe right retirement plan for you much easier.

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