Feb 25, 2022
Summary:
For small business owners, it’s crucial to know what you need to do
in order to max out your 401k plan and make the most of it. Here to
talk about this is Matt Ruttenberg, and he discusses different 401k
options based on how many employees you have, whether you own
multiple businesses or not, and other factors that determine how to
take advantage of this. Listen in for insightful advice on how to
benefit the most from your 401k.
Highlights:
-How does a small business person max out their 401k and make the
most of it?
-A big priority is fairness to employees, and there are many
regulations that have to be followed
-A self-directed 401k is great for solo entrepreneurs without
employees; you’re in full charge of your investment portfolio
-Employers and employees can contribute
-It’s important to go with the safe-harbor 401k
-If you don’t choose a safe-harbor 401k; it will be a traditional
401k, and you cannot max it out
-You can decipher where people cap out to take full advantage of
profit
-If you have multiple companies, there are other options that allow
you to maximize 401k
Useful Links:
Financial Survival Network
Life, Inc.