Hello everybody,

I'm kind of wondering now since I predict the financial situation of my business to get better; the next question is how does somebody who is a single member LLC put away for retirement?

I'm assuming it's not as simple as opening up before 1K account and paying through it with pre-tax money, I'm not sure but what the other people do that are self-employed?

Everywhere I look nobody really seems to cover this as a valid situation because I believe my situation is very unique.

EDIT: thanks for the input. I'm looking into a SEP IRA and a solo 401k. I suspect that the 401kbi could also borrow from for a loan if I needed to. I don't think the IRA will let me do that.