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3 top pieces of financial advice — from retirement for the self-employed to dealing with debt collectors

Saving for retirement, little by little.
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Retirement for the self-employed

It isn't as easy for the self-employed to save for retirement, says Farnoosh Torabi at Yahoo, but it's no less important. To amass a nest egg that will carry you through your senior years, consider these three tax-deductible investment tools. The first is an IRA — if you're planning to save less than $5,000 per year, this is the easiest option. If you're putting aside more, consider a Simplified Employee Pension IRA. A SEP IRA allows you to contribute a quarter of your income each year, up to a maximum $51,000 in 2013. And if you want to defer even more, consider a Solo 401(k). These accounts let you defer up to $17,500 in 2013, plus the quarter of your income (up to $51,000) allowed by a SEP IRA. But managing these can be complex and expensive, so consider working with an accountant or financial consultant.

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