February 28, 2024

27. Retirement Accounts for Small Business Owners

In this episode, I talk about the pros and cons of the main retirement account options for small business owners to setup to save on tax and diversify away from their business whether they have a small side hustle or are full time business owners.

Time Stamps:

  • 00:00-01:25: Introduction
  • 02:43-04:50 SEP IRA
  • 04:50-07:30 Solo 401 (k)
  • 7:30-8:56 401 (k)
  • 8:56-10:16 Cash Balance Pension Plan
  • 10:16-12:40 Conclusion

Resources:

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⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.

Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.

Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠erik@baskinfp.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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