Comparing For the Self-Employed

Self-employment can offer an excellent work-life balance, as well as other freedoms and lifestyle benefits! Hahaha…wasn’t that funny. Seriously though, self-employment will likely be the cause of you working 80 hours a week…ha! This obviously leaves a ton of time to research the Solo 401k vs SEP IRA.

The plus side of this, however, is that you often enjoy putting in the hours because it’s “your company,” and you’ll be the one benefitting from any “windfall of money” your long, long hours create–so good work! Keep it up.

Why Do I Need a Retirement Plan?

Obviously, you need to save money for your eventual retirement, and (in my opinion) a more hopeful “Act 3″ (of a 4 Act Life), otherwise known (by me) as a down-shift or semi-early-retirement.

1) You Need Money to Stop Working

This point is almost even more important than point #1. You need to utilize your retirement plan to help reduce your taxes, so you can have more money to put into #1.

2) To Reduce Your Taxes

So Where Do I Start?

Naturally, the financial industry has provided a host of confusing products, the research of which will probably result in your procrastination.

Swipe Up

to learn more

Read More

Acorns vs Robinhood vs Webull vs M1 Finance: Which One is the Best?

8 Ways to Digitize Your Business