<prompt> Human: I spoke with my bank and they suggested a sep ira and Im probably going to do that. The tax help with that now would be appreciated. But Ive heard from a couple different sources that active brokers are a thing of the past and that index funds which are not actively managed perform just as well with noless fees. Im a little anxiety torn about biting this first bullet because I want more money overall to spend but also because I dont feel as informed as I wish I was.Edit: I am married and we will have mortgage paid off in about 12 years. Wife doesnt work while we raise kids for the next few years. Stashing money is never easy for me as Ive always been self employed and I never know what next months income will be.  <response>: With a SEP IRA you could save up to the lesser of 53k or 20 net adjusted income per year. That could help you make up for lost time in building your retirement fund. 