In this week's episode of The Financial Flow, I cover the four retirement plan options that every self-employed solopreneur should consider: non-plan Traditional IRA and Roth IRA, the SIMPLE IRA, the SEP IRA, and the Solo(k) (or Solo 401(k)) plan. I cover the pros and cons of each, and discuss the difference in annual maximum contribution, and touch on how that can be affected by business entity structure.

#RothIRA #selfemployed #soleproprietor #retirement #retirementplan #financialplanning #solo401k #401(k)

Thanks for tuning in to Financial Flow, brought to you by Tidepool Wealth Strategies. Until next time, stay resilient – and plan to retire well!

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Phillip Smith, CRPC AIF LinkedIn