42 min listen
30: Retirement Savings Options for Self Employed Women
30: Retirement Savings Options for Self Employed Women
ratings:
Length:
35 minutes
Released:
Nov 23, 2021
Format:
Podcast episode
Description
You did it. You made the leap. You left behind that corporate 9-to-5, the micromanaging boss, the freeloading coworker... Now, you’ve started your own thing. You have endless potential. The world is your oyster. You can do what you’ve always dreamed of. It’s a dream many of us are striving for. But, it’s easy to forget that we still should be saving for retirement. As a self-employed person or a business owner, how do we pick the right retirement plan to set ourselves up for success? Listen in as Stephanie and Kevin shine a torch to guide us down the exciting but often muddy path to retirement by speaking on how to choose between the different retirement savings options available. Key Topics: “SEP-IRAs still may be the best option for you, but…” (2:37) How do you save for retirement on a tax-favored basis if you’re self-employed? (2:50) How to decide on the best plan or account option for you. (9:25) The traditional and Roth IRA. (13:58) The SEP-IRA. (20:10) The SIMPLE IRA. (24:11) How to save “gobs and gobs of money” with a pension plan. (28:35) Stephanie and Kevin’s closing thoughts. (30:35) Resources Mentioned: IRS Publication 560 https://www.irs.gov/retirement-plans/retirement-plans-for-small-entities-and-self-employed IRS landing page for Small Business retirement plans https://www.irs.gov/pub/irs-tege/rollover_chart.pdf Rollover Chart Take Back Retirement Episode: 12: What Women Need to Know About IRA's, with Sarah Brenner Take Back Retirement Episode: 20: Women + Roth IRA's - What Should You Be Aware Of? If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com You can find the transcript and more information about this episode at www.takebackretirement.com. Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn. Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.
Released:
Nov 23, 2021
Format:
Podcast episode
Titles in the series (89)
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