Submitted by sjguy1288 t3_z7g3em in personalfinance
Werewolfdad t1_iy6di0v wrote
>the next question is how does somebody who is a single member LLC put away for retirement?
IRA, SEP-IRA, solo 401k. Essentially the same as employed people.
>Everywhere I look nobody really seems to cover this as a valid situation because I believe my situation is very unique.
Doesn't seem unique at all.
https://www.nerdwallet.com/article/investing/retirement-plans-self-employed
https://www.forbes.com/advisor/retirement/best-self-employed-retirement-plans/
https://www.fool.com/retirement/plans/self-employed/
https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k
sjguy1288 OP t1_iy94q34 wrote
Thanks for the help, this is really interesting. I know allot of s Corp people who have retirement, but my income as an LLC didn't seem to dig up much, or I was not looking clearly enough on the Internet.
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