I receive a W2 from my 9-5 job ~$5,000 per year goes into my Roth 401k Company matches there
My side business brings in about $15,000 pass through income (Single Member LLC).
What Self Employed retirement account would you suggest setting up and why? What is the maximum I could have the LLC contribute to that retirement account, thus lowering the tax burden? Do I also need to contribute from the distributed funds, or can I have a portion of the capital go directly into the retirement account?
Submitted August 31, 2018 at 05:18PM by Planet12838adamsmith https://ift.tt/2PUuXVt
