We Each Hired a Flat Fee Financial Advisor. Was it Worth It?
Two Sides of FI
00:00
Maximize Your Contributions Strategically
Individuals with earned income, especially those who meet specific income thresholds, have valuable opportunities to maximize their retirement contributions. They can fully fund a Roth IRA, given their income surpasses the necessary limits, while also contributing significantly to a solo 401k—up to $19,500 as an employee and an additional 20% of net earnings as an employer. Understanding the fungibility of money is essential; although it may seem counterintuitive to transfer funds from taxable accounts to retirement plans, doing so can provide significant financial benefits.
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
