>>pixela+y3
Pensions seem nice to have, but IMHO, it's generally better for employer and employee when compensation is paid immediately. The accounting is simpler, accountability is easier, and there's no long term entanglements.
>>toast0+F5
What i don't understand about 401k is why is there such a strict limit on personal contributions, but employer can contribute significantly more? It's all compensation one way or another, why shouldn't I be able to allocate my compensation how I please?
>>hamand+zd
If you are self-employed, you can make the normal employee contributions and your employer (also you) can make the additional contributions of roughly 25% of salary. For 2025 this would be a total of 70k instead of the normal 23k