What term refers to retirement plans established for self-employed individuals?

The term that refers to retirement plans established for self-employed individuals is indeed "Self-Employed Retirement Plans." These plans are specifically tailored to meet the retirement savings needs of individuals who work for themselves, providing options that allow them to save and invest in a tax-advantaged manner.

Self-Employed Retirement Plans, often associated with Simplified Employee Pension (SEP) IRAs or Solo 401(k) plans, allow self-employed individuals to set aside a substantial amount of their earnings for retirement. This flexibility is particularly beneficial for those who may not have access to traditional employer-sponsored plans. By using these specific structures, self-employed persons can plan for their future retirement in a way that aligns with their unique financial situations.

In contrast, terms like IRS Plans and Corporate Retirement Plans relate more to broader categories of retirement savings accounts that are not limited to the self-employed. Employee Stock Ownership Plans, on the other hand, are a specific type of company-sponsored plan that allows employees to acquire shares in the company, which wouldn’t be applicable to the self-employed context. Thus, the correct answer highlights the focus on retirement solutions designed specifically for individuals who run their own businesses or are sole proprietors.