Hello, in a purely hypothetical scenario, let’s say someone makes $100,000 a year from their full time day job, who contributes 6%, with a 100% up to 5% match to their Roth 401k; but also makes $50,000 annually from a single member LLC side business. What type of retirement account and with who, would you open, and why? Are there tax advantages to the recommendation? Can the LLC contribute 100% up to the maximum individuals limit to the retirement account? All advice is welcome!
Submitted October 02, 2020 at 11:43PM by FtheseChargebacks https://ift.tt/33nNuSM
