How to choose a small business retirement plan in 2023

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  • เผยแพร่เมื่อ 7 ม.ค. 2025

ความคิดเห็น • 24

  • @TravisSickle
    @TravisSickle  ปีที่แล้ว +3

    Get the PDF on our discord server here... Join Link discord.gg/enuJThjHJ9

  • @BinuDauti
    @BinuDauti 27 วันที่ผ่านมา +48

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @YinusaSaheed
      @YinusaSaheed 27 วันที่ผ่านมา

      I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.

    • @BinuDauti
      @BinuDauti 27 วันที่ผ่านมา

      @@YinusaSaheed Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* ..

    • @YinusaSaheed
      @YinusaSaheed 27 วันที่ผ่านมา

      @@BinuDauti Oh please I’d love that. Thanks!

    • @BinuDauti
      @BinuDauti 27 วันที่ผ่านมา

      *MARGARET MOLLI ALVEY*

    • @BinuDauti
      @BinuDauti 27 วันที่ผ่านมา

      Lookup with her name on the webpage.

  • @FLOODOFSINS
    @FLOODOFSINS ปีที่แล้ว +3

    You know how TH-camrs are trying to get into the boxing ring? I think we should have the Dave Ramsey types vs. Anti Dave Ramsey's types TH-camrs in a ring punching it out.

  • @irinajen6379
    @irinajen6379 11 หลายเดือนก่อน

    So, if I open an IRA or single 401K and still have to pay self employment tax including that amount - why the contributions called Pre-Tax? Should not that move lower my business tax’s?

  • @PattyMckinney-u7d
    @PattyMckinney-u7d 11 หลายเดือนก่อน

    If I am self employed in a partnership and already have a 401k that my employees participate and I contribute to can I still have a solo 401k tied to a different opportunity?

  • @jattdentistry
    @jattdentistry ปีที่แล้ว

    Hi im trying to join the discord to view the pdf but it says link invalid. Any idea on how i might be able to obtain the PDF? Thanks!

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      I just checked and it should be working. Which one are you looking for the retirement plan limits?

  • @slowslug3247
    @slowslug3247 7 หลายเดือนก่อน

    If your here for the Roth 401k, it doesn’t start til 26 minutes in. I wish there was a video on how to and where to open one up

    • @TravisSickle
      @TravisSickle  7 หลายเดือนก่อน

      Check solo 401k videos on the channel. It’s tricky to DIY it.

    • @TravisSickle
      @TravisSickle  7 หลายเดือนก่อน

      I should add chapters to this video

  • @JuniperTreeee
    @JuniperTreeee ปีที่แล้ว

    I put money into a ROTH funded by my employer. It wasn't deductible due to my income . Do I only backdoor when I've put the $6500 into that ROTH?
    Also does the income limit apply to total income with a business? I have both a 9 to 5 W2 job and an LLC. Can I contribute to my SEP via my business and my IRAs through work? Or is it all just assigned to me and my social security number?

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      workplace plans through work. Roth IRA, from your bank account and a self employed plan with your LLC.

  • @tommyfisher2589
    @tommyfisher2589 ปีที่แล้ว

    If I am self employed in a partnership and already have a 401k that my employees participate and I contribute to can I still have a solo 401k tied to a different opportunity?

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      Yes, but it doesn’t change the limits.

  • @ninersnation2364
    @ninersnation2364 ปีที่แล้ว +1

    Listened to a video from a year ago.......Nice mic lol

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      Thanks! Got a little help from some TH-cam audio engineers.

  • @chachachairma
    @chachachairma 15 วันที่ผ่านมา

    I don’t appreciate this guy taking about retirement plan for young people only what about the ones that have to play catch up ? The older people who don’t have much in their retro plans ?