Sunday 4 March 2012

Your Questions About Business Investing Ira

David asks…Self-employed 20yr old needs a retirement plan. IRA vs Roth IRA vs 401(k)?I am 20 and a self-employed freelancer trying to start a business on the side. I want to start saving for retirement but not sure where to start. I was reading that Roth IRA would be a great option, but then someone suggested I "Max out" 401(k) first then invest in Roth IRA. Any suggestions would be great.
My business is currently setup (DBA, license, etc).
I am able to afford all the current monthly

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