What is the best retirement plan for a self employed 45 year old?
Answers | 3
Another thing to consider...you mentioned that you were self-employed. Is it likely/possible that you might take on employees one day? That could impact the retirement planning choices that you make now.
If you are working with a qualified financial planner/advisor, consult with him/her on this subject. They should be guiding you along...after all, that is part of their job!
Being self-employed does give you leverage when deciding which one is in your best interest.
Many of our self-employed folks prefer a self-directed retirement plan.
If you chose a 401k plan- take a look at your annual 404(a)(5) participant fee disclosure form.
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