My spouse and I make $300,000 a year but lack a firm retirement income target — how should we plan?

Core Insights - The article discusses the necessity and details of retirement planning, particularly for self-employed individuals and those considering working during retirement [1][2]. Group 1: Individual Case Study - A self-employed couple in their late 20s earns approximately $300k annually and has saved a few hundred thousand dollars but lacks a specific retirement plan [4][7]. - They are exploring options like self-employment retirement plans or solo 401(k) accounts but have not conducted extensive research [5]. Group 2: Community Feedback - The community highlighted that to qualify for a solo 401(k), one must be genuinely self-employed, which the couple does not meet [8]. - Despite the lack of a formal retirement plan, the couple's financial situation suggests they will likely be able to retire comfortably if they start contributing to a retirement account [9]. Group 3: Professional Advice - The most crucial advice from the community is for the couple to consult a CPA for guidance on retirement planning and account options [10].