hello friends,
As you know, I have started working recently after long illness. I do software consulting and I have my own LLC.
My first invoice to client was sent out on 10/14/2020 after I am back to work from illness. Total earning till end of years before tax for llc will be $33,171.94
I want to pay least to no tax. so, seems like from online research I only need to open solo401k. I have govt issued medical insurance valid till mid of next year.
what other accounts should I open except 401k for retirement planning? seems like time is running out for me for this year. I did not know retirement accounts must be opened before end of year to invest for current year.
How about I shell out $300-$500 and get advice from pro retirement planner or It won't be useful?
Thanks
Sach
As you know, I have started working recently after long illness. I do software consulting and I have my own LLC.
My first invoice to client was sent out on 10/14/2020 after I am back to work from illness. Total earning till end of years before tax for llc will be $33,171.94
I want to pay least to no tax. so, seems like from online research I only need to open solo401k. I have govt issued medical insurance valid till mid of next year.
what other accounts should I open except 401k for retirement planning? seems like time is running out for me for this year. I did not know retirement accounts must be opened before end of year to invest for current year.
How about I shell out $300-$500 and get advice from pro retirement planner or It won't be useful?
Thanks
Sach
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