Manage episode 282372848 series 1061386
After a record year in the stock market in 2020, are you finally ready to invest into the market but don't know what retirement accounts are best for you?
Hey friends, here's what you're going to get from the show today!We are going to a brief recap of two retirement accounts we mentioned last week: the Traditional IRA and the ROTH IRA. Then we are going to dive into two other retirement accounts that allow you to save A LOT more than the ROTH or Traditional IRA. The Solo 401(k) and the SEP IRA. We will break down each one, explain how they work, who they are for, and at the end I will help you decide which one is best for you. Also, make sure you stick around until the very end of the show where I am going to give you a BONUS tool which is going to help you choose the best account, where to invest, and how to get started building your own portfolio!
Mentioned in this episode
Are you currently living on a plan for your life and money...AKA a budget?
The #1 habit of the most highly successful people is they are proactive. They don't wait for life and money to happen to them, they happen to their life and money.
If you haven't started yet, now is the best time to start living on a simple budget. It's time to be proactive.
Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!
Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.
If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.
All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session155