I am a 50 percent owner in a small company. This year I managed to start maxing my ROTH contribution each month. I now have a little extra each month. If I understand correctly I could move the extra into a ROTH in my wife's name (stay at home mom).
However, I don't know anything about 401k's. From what I know, the benefit of the 401k would really be that the employer would typically match deposits. In this case, however, I am also the employer, so it doesn't really matter. It's my money being used either way.
So are there any substantive benefits to trying to set up a 401k for my business partner, myself, and potentially our few employees? Or should I just push any extra to a Wife's ROTH?
Thanks
Submitted January 26, 2018 at 03:34AM by ElderScrolls http://ift.tt/2Ed6wgo
