I spoke with my bank and they suggested a sep ira and I’m probably going to do that. The tax help with that now would be appreciated. But I’ve heard from a couple different sources that active brokers are a thing of the past and that index funds which are not actively managed perform just as well with no/less fees. I’m a little anxiety torn about biting this first bullet because I want more money overall to spend but also because I don’t feel as informed as I wish I was.
Edit: I am married and we will have mortgage paid off in about 12 years. Wife doesn’t work while we raise kids for the next few years. Stashing money is never easy for me as I’ve always been self employed and I never know what next month’s income will be.
Submitted October 08, 2018 at 06:54PM by hawkaluga https://ift.tt/2QCgCN8
