Reply to What kind of retirement plan is right for me?

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[quote=Anonymous]I am so confused about what kind of retirement "plan" I am eligible to participate in....basically because I am not clear on what the IRS definition of "self employed" is. And please don't suggest that I visit the IRS website, I've already been there/done that.

I know someone on here has to have the right answer as this town is filled with independent contractors.  I have always been a regular W2 employee in my previous jobs, this is my first time as an independent contractor - so I need help.

This is my info:

- independent contractor, 1099, pay quarterly taxes etc.  My income is between $40K-$50K per year.  I have the option to work from my home office or go to the office of the person that I work for.

- DH is W2, maxes out 401K.

-My goal is to reduce taxable income along with boosting retirement.  I have a current IRA with about $200K in it (this is a compilation of my past 401ks rolled into IRA after I left the companies)

Am I eligible for SAR-SEP or Solo 401kK or something all together different?

TIA for your thoughts on this.
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