DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing cover image

Saving When Self Employed

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

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Solo 401k vs IRA

The solo 401k is very straightforward and simple. It doesn't have all the reporting requirements, etc. That a standard, larger company 401k is going to have it. But again, I think there's also the opportunity that they could use the brokerage account if that money wants to be used outside of retirement or for other reasons.

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