DEETS for US content creators and other self employed/side hustle peeps ππ½
I love my solo 401(k)! A lot of people scoff at tax advantaged accounts and immediately want to invest in a taxable brokerage accounts first because of the flexibility. But my 401(k) is a large piece of my early retirement withdrawal strategy. As a self-employed person, the Solo 401(k) is a game-changer for tax advantages and wealth-building. I contribute as both the employee and employer to maximize my retirement savings.
***DISCLAIMERS***
I am just a girl trying to retire in my 30s and sharing what I do personally in my early retirement journey. Please do your OWN research and speak to your CPA or financial professional about your particular situation. This is for informational purposes only and is NOT financial advice.
FAQs:
β Why are you investing in the total stock market index fund ?
π Mostly for diversification purposes! There is a lot of overlap between the S&P 500 and and the total stock marke...
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