What Retirement Plan Is Best For Self Employed? 
For the self-employed , selecting a retirement plan is a question of your total income and ease of administering the plan . If youre not making that much money a simple individual retirement account -LRB- IRA -RRB- or Roth IRA should suffice . But if youre making six figures or more you may want to look into a Simplified Employee Pension Individual Retirement Arrangement -LRB- SEP IRA -RRB- that can contribute up to 25 % of your income with a cap limit of $ 51,000 for 2013 . 