I am an adult model who has been making a six digit income for the past five years. I know this career path/income is not forever, so I have tried to spend and invest wisely.
I have invested in an IRA, index stocks, and a couple individual stocks. I I do not have any debt. I still pay rent, but have hopes of buying a house in the future. As an independent contractor, I have been paying about 30% in taxes each year, so I always make sure I am sitting on a lump sum for that. However, my accountant has suggested I look into a "defined benefit plan" to help lower my tax payout and help further my investments. Is this something I should legitimately consider? Or are there other options for me?
Each year that goes by I wonder if I could be doing something smarter with the money. I appreciate any help I can get with this!
Submitted June 06, 2018 at 02:12PM by confusedlittlebird https://ift.tt/2kTNHWO
