003 - Should I Use a SEP IRA or a Solo 401(k)?
24m
·
Real Personal Finance
·
SEP IRA vs. Solo 401k
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
What is a SEP IRA
How much can you contribute
Account opening deadline
What is a solo 401k
How much can you contribute
S-Corporation vs. Sole Proprietor
Over 50 years old
Account opening deadlines
Where can you set up a solo 401k?
Solo 401ks additional benefits
Our favorite
LETS’ CONNECT!
James
- Website
Scott
- Website
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The episode 003 - Should I Use a SEP IRA or a Solo 401(k)? from the podcast Real Personal Finance has a duration of
24:13. It was first published
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Final Episode - How To Stay In Touch With Us!
Scott and James thank all of the fans for years of support for listening to the podcast and review where you can find them if you're looking for customized advice when it comes to maximizing your finances.
LET'S CONNECT!
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How to Balance a Home Purchase with Saving for Retirement?
Scott and James discuss how to balance a home purchase with saving for retirement.
Listener Question:
We want to stay in manhattan and want to be home owners but can’t make the math work. Our current rental 2 bed 2 bath just went up to $4400/mo. A comparable condo would sell around $1.3-$1.5m. That would put the mortgage at around $7,000 with another $2,000-$3,000 in maintainable and taxes a month. Rent does keep increasing and I don’t want to keep getting squeezed but does buying in Manhattan just not make sense?
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- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
2:30 - Priorities
5:25 - Various Goals
8:12 - Life & Math Don't Always Match
11:15 - Investment Concerns
12:30 - How Much Home Can You Afford?
16:05 - Aligning Your Financial Goals
LET'S CONNECT!
James
YouTube LinkedIn Website
Scott
Facebook Twitter Website
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