Agree with SEP-IRA. Keeps it as simple as possible. Works for me.

SEP in your circumstances. If you make a huge amount, add a deferred compensation plan to it.

Roth

SEP

Set up a small LLC and do a combined 401k/profit sharing. I've been putting in more than $40k/year in the combination of those two (in one retirement account) for 11+ years. Add that to my IRA (not deductible) and I have a very nice retirement balance, esp. when added to my pre-self employed years working. Good luck!

You can do an individual 401k. There is a little bit of additional paperwork, but it has some additional benefits over the sep-ira, like income deferral that is not tied to the percentage of business profits. If your net business profits are less than 260k the individual 401k is a better plan. If you make more than that it won't matter, because you will be capped at the same 51k for either one. Easy to open through fidelity.

OP here. Thanks. I don't have employees or partners - I work for myself. I will definitely look into the SEP-IRA. Thanks!

Also you say you've got a business. Do you have employees or partners? I do a 401k and a profit share and we set aside about $50k a year.

SEP-IRA. Max that shit out.

My DH has a SEP IRA as well. He's able to contribute about $45k/year. We've talked to our accountant about a plan that would allow about $100k a year but haven't done that yet because it's less flexible than the SEP.

I opened a SEP-IRA and contribute up to 25% of my earning annually.

I own my own consulting business and would like to contribute to retirement. What is the best option? KEOGH? IRA?