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Ep 214. Retirement Plans for Freelancers and Small Businesses (Freelance Minis)

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Manage episode 241021654 series 57348
Content provided by Fei Wu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Fei Wu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

When I find myself in the general how to freelance discussions, retirement savings isn’t one of the first questions people ask, but it’s actually more important than they think. Two things to know and to keep in mind before we start:

  1. Retirement plans are available and easy to sign up and manage for freelancers and small business owners. You can do it today with $0 in the account.
  2. By starting a retirement plan, you’ll reduce your taxes not by a little, but often significantly. It works almost the same way as when you had a full-time job when your employer contributed to your 401(k) automatically by taking a portion out of your paycheck each month.

Learn more: https://www.feisworld.com/freelance/retirement-plans-for-freelancers-and-small-businesses

--- Support this podcast: https://podcasters.spotify.com/pod/show/feisworld/support
  continue reading

371 episodes

Artwork
iconShare
 
Manage episode 241021654 series 57348
Content provided by Fei Wu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Fei Wu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

When I find myself in the general how to freelance discussions, retirement savings isn’t one of the first questions people ask, but it’s actually more important than they think. Two things to know and to keep in mind before we start:

  1. Retirement plans are available and easy to sign up and manage for freelancers and small business owners. You can do it today with $0 in the account.
  2. By starting a retirement plan, you’ll reduce your taxes not by a little, but often significantly. It works almost the same way as when you had a full-time job when your employer contributed to your 401(k) automatically by taking a portion out of your paycheck each month.

Learn more: https://www.feisworld.com/freelance/retirement-plans-for-freelancers-and-small-businesses

--- Support this podcast: https://podcasters.spotify.com/pod/show/feisworld/support
  continue reading

371 episodes

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