RETIREMENT PLANS FOR SELF EMPLOYED (BEST RETIREMENT PLAN IN 2020)
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- เผยแพร่เมื่อ 14 เม.ย. 2020
- RETIREMENT PLANS FOR SELF EMPLOYED // BEST RETIREMENT PLAN IN
2020
Looking for the best retirement plan in 2020? Need to learn more about retirement plans for self-employed?
Watch this video to learn which retirement plan is best for you: solo 401(k), SEP IRA, 401(k), self-employed retirement plans, IRA and more!
If you run a small business or are self-employed, you know you need to deal with money in the most efficient way possible. You also know you need to know the difference between individual 401(k), self-employed 401(k), business, tax, retirement benefits, and more. As an entrepreneur, don’t forget to take care of your own self-employed retirement.
Watch this video to have the SEP IRA, solo 401(k), retirement plans, and the traditional IRA explained by Stephanie Kremic.
Investing and retirement planning are ways to create passive income. Get some financial insight and discover the best retirement plan for you!
Like our channel and hit the bell to get notified with new finance tips!
Links Mentioned In Video:
8 STEPS TO BE A SUCCESSFUL SELF-EMPLOYED WOMAN: www.stephaniekremic.com/free-...
TRADITIONAL IRA INCOME LIMITS:
www.irs.gov/retirement-plans/...
CALCULATE YOUR ADJUSTED NET EARNINGS FOR SEP IRA:
www.fidelity.com/bin-public/0...
OUR PROGRAM ON HOW TO BE FINANCIALLY SUCCESSFUL AS A SELF-EMPLOYED WOMAN:
Mindful Money Makeover: www.stephaniekremic.com/mindf...
FOLLOW US AT:
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Content disclaimer: www.stephaniekremic.com/discl...
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#selfemployedwoman #selfemployed #financiallyempowered #stephaniekremic #retirementplanning #sepira #ira #401k #mindfulmoneymakeover
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I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
@@ElijahReuben- That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@@MathiasRicardo- Mind if I ask you to recommend this particular coach you using their service?
@@imohimoh3441 VICTORIA CARMEN SANTAELLA Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@@MathiasRicardo- She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Super informative Stephanie! Thank you!
Very helpful info, and delivered straight to the point, without the "filler" found in so many other channels.
Thank you, I just subscribed.
Hi ✨ so glad this is helpful to you. Thank you for your kind comment and for subscribing!
This is why we lean on Ron Blue the last 15 years. You're brilliant!! The world needs more people like you!
Thank you so much Danielle! 💙
Hey thanks for this informative video!
You bet! Thanks for watching.
As someone moving to self-employed this year I definitely needed this info! Thanks for sharing.
Glad it was helpful! Thanks for watching Mallory.
Definitely good to keep these tips in mind.
Glad it was helpful! Thank you for watching Dr. Tam.
Great info !!
I appreciate your feedback. Thank you ❣️
Wooo. I've been wondering about this. This is really great to know.
Glad it was helpful!Thanks for watching Geoffrey.
I am self-employed so this video is right for me!
Wow what a great video. I needed this. Thank you
Crissy, thanks for watching!
Great explanation! Very important to plan for your future!
Thank you for watching Natalie ❤️
I so needed this right now! Thank you for the super helpful info and for laying out clear plan 😊💗 love your channel! #newsubscriber
You're so welcome! Naza, thank you for your kind honest feedback ;)
Such an important topic and this is so timely! Setting funds aside to invest in our future is so important. Thank you Stephanie! :)
So true! Thanks for watching.
I've always used a traditional IRA, but I didn't realize that these other options were available. I'm going to check out some of your other videos and do some more research 👍
Glad it was helpful! Thanks for watching Dr. Bodle.
Thanks for sharing. I'm self employed so this is helpful
So glad! Thanks for watching Theresa.
Great info here, thank you. Here's a question: My wife and I are self employed, working for our company. We are getting close to retirement. She will be 65 next year and I will be 60. My thought is, her retiring at 66 and me taking her company income as a "raise" and investing that money in my roth IRA till I retire at 67. Her income is currently $48K. Does this sound like a good idea or not? Thank you
Great information. I have a long ways to retirement but as someone who is self employed, this is great information. Thanks
I get it- can seem far out there for retirement. I'm on a mission to shorten that curve ;-) hopefully next videos are helpful Thanks for watching Shawn.
I'm self-employed so this was really helpful!
Thanks for watching Myke!
This is so helpful! Navigating retirement savings as a self-employed person has always been super confusing for me. You broke it down perfectly in 12 mins! Saving this vid in my financial playlists to comeback to for sure! Thank you for sharing! ❤
Best COMMENT ever💙 thank you Shannon!
Great information on retirement savings. It's interesting to see the options available in the US compared to us here in Canada. Cheers!
Glad it was helpful! Thanks for watching Adriana.
Self-employed here! Thanks for this video! Definitely useful for someone like me :)
Thank you for watching and glad it was helpful!
Hi Stephanie, thanks for the informative video! Are you able to make the SEP IRA and Solo 401k Roth versions? Aka Roth SEP IRA and Solo Roth 401k? If so as a sole proprietor what companies can you recommend to do this? Charles Schwab, Vanguard, etc? Thanks!
Hi Blaine, as of right now - a Roth SEP IRA does not exist (I wish it did). If you don't want to pick investments or rebalance your account - Schwab has a great platform to open accounts and auto invest. Just google "Schwab Intelligent Portfolios". Some solo 401k companies offer the solo roth 401k component to the plan.
Thank you so much for sharing! Is it possible to transfer funds/ charge retirement plans as your income or situation changes? For instance starting with a Traditional IRA and switching to a Solo 401K once your income changes or is more stable?
Great question Vlada! Yes, you absolutely can change retirement plans as your income increases.
Many folks start off with Traditional IRA and move onto a solo 401k or SEP IRA. You can find more in this video th-cam.com/video/Aq2_Xr1688E/w-d-xo.html
Good theoretical info but can you pls make a demo video how to setup these retirement plans so that I can walk with you. Thank you.
In the video Roth IRA, I tucked a demo of how to open an account that can apply to almost any type of account. Towards end of video. Good luck
Self employed with scorp business solo 401k contribution will change as per shareholders payroll, isn't it. I think employer contribution will also change and limited to 25% of payroll. Am I right on this?
Can you have all 3 opened at the same time ??
Great explanation. What is your opinion of annuities? Thanks, Stephanie!
Thanks for watching Sno! Annuities have their place. Not all annuities are built the same. This is great topic for future video. I appreciate the question 😉
@@StephanieKremic I look forward to the video. Thanks for being such a great resource of financial information.
I'm self employed! very informative although for me I can't apply it, because I'm a Spanish citizen, still tons of information here!
Hi, Veronica - appreciate your insight! Thanks for watching.
What about Roth IRA?
Which one would you recommend for a stripper? I don't want to be old and homeless. I try reading on it but I'm stupid and still lost.
What is a perk for you being self employed?
Videos are great, but the background music is unnecessary and makes it hard to hear. you and overall distracting/irritating
Thanks for your feedback. Appreciate it.
Not helpful for Canadians.