30: Retirement Savings Options for Self Employed Women

<p class="p1">You did it. You made the leap.</p> <p class="p2"> </p> <p class="p1">You left behind that corporate 9-to-5, the micromanaging boss, the freeloading coworker...</p> <p class="p2"> </p> <p class="p1">Now, you<span class="s1">’</span>ve started your own thing. You have endless potential. The world is your oyster. You can do what you<span class="s1">’</span>ve always dreamed of.</p> <p class="p2"> </p> <p class="p3"><span class="s2">It</span><span class= "s3">’</span><span class="s2">s a dream many of us are striving for.</span> But, it’s easy to forget that we still should be saving for retirement. As a self-employed person or a business owner, how do we pick the right retirement plan to set ourselves up for success?</p> <p class="p2"> </p> <p class="p1">Listen in as Stephanie and Kevin shine a torch to guide us down the exciting but often muddy path to retirement by speaking on how to choose between the different retirement savings options available.</p> <p class="p2"> </p> <p class="p1"><strong>Key Topics:</strong></p> <p class="p1"><span class="s1">“</span>SEP-IRAs still may be the best option for you, but…” (1:27)</p> <p class="p1">How do you save for retirement on a tax-favored basis if you<span class="s1">’</span>re self-employed? (2:46)</p> <p class="p1">How to decide on the best plan or account option for you. (9:35)</p> <p class="p1">The traditional and Roth IRA. (13:58)</p> <p class="p1">The SEP-IRA. (20:27)</p> <p class="p1">The SIMPLE IRA. (24:31)</p> <p class="p1">How to save <span class="s1">“</span>gobs and gobs of money” with a pension plan. (29:00)</p> <p class="p1">Stephanie and Kevin<span class="s1">’</span>s closing thoughts. (31:09)</p> <p class="p2"> </p> <p class="p1"><strong>Resources Mentioned:</strong></p> <ul class="ul1"> <li class="li4"><span class="s4"><a href= "https://www.irs.gov/publications/p560"><span class="s5">IRS Publication 560</span></a></span></li> <li class="li5"><span class="s6"><a href= "https://www.irs.gov/retirement-plans/retirement-plans-for-small-entities-