IRA for Self Employed (EVEN BETTER THAN A 401K!)

IRA FOR SELF EMPLOYED // If you're self-employed, you need to watch this! This is the ultimate self-employed retirement plan. Ever since I went self-employed, I had to find a 401k alternative and figure out how self-employed retirement works. I explain it all in this video. The self-employed IRA will help you save so much towards your future, without the help of an employer. If you've ever wondered if there's a self-employed 401k, this is it. The SEP-IRA is the best thing ever!

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

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***FREE DOWNLOAD: The Ultimate Guide to Investment Accounts
Everything you need to know about IRAs, 401(k)s, HSAs, and taxable brokerage accounts. What they are, which ones you need, and where to open them!

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***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

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***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can't live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)

Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):

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DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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SAY HI ON SOCIAL! 👋🏼

[PamelaViray]

Thank you so much! I literally opened a SEP IRA in minutes with Fidelity. I'm an independent contractor as a virtual assistant. I've been so worried not knowing where to start. This helped tremendously. Thank you again!!🤩

[kevinonthank]

Love this video! Easy to understand and straight to the point. Thank you!

[FireByJason]

Great video! I've been looking for this for awhile.

[pedroamador]

LOVE YOUR CHANNEL! SO GLAD I FOUND YOU!

[karlihoppie]

Solo 401k accounts allow you to contribute $19, 500 dollar for dollar on your net business income PLUS 25% of remaining income for a max of $58, 000 as well. (I know this is a few years old) but that’s a lot of savings in self employment tax!

[sabinejnpierre]

Thank you princess you are really helpful

[cherylcuttineau]

I had no idea I could have two IRAs! Thank you!

[popspops]

Sounds good but dont think I'll keep my llc. Looking to switch to a w2

[billypattaya]

Just started as an independent contractor in trucking. Making a lot of revenue compared to before. I will definitely need to get tax deductions. I am 51 sounds like sep and traditional ira good 4 me ryt ?
I’ve been with chase all my life so they offer IRA?

[paularogo]

Always coming through with the wisdom. Thank you

[gracecrumpvlogs]

I opened mi LLC company! Do you recommend to open a SEP OR ROTH IRA? I have not job before but my husband yes, he has a Roth IRA,

[natalieinthewild]

Do you have any briefly on how the contributions actual work through payroll ect

[NeilBoland]

Can I max out my Roth, Traditional, and SEP IRA every year?

[zinahabukhalil-quinonez]

I don't know but I thought there was a limit of 7k per year with SEP IRA?

[plymixk]

I am 55 years old with no passive income and very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns.

[RedBarnFinancialTV]

Good info. Contribution limits as well as income limits for the Roth IRA and tax deductible IRA limits.

[abigailtowne]

I have a SEP IRA only—is it safe to just have this?

[OhGoshAwwGeez]

I can’t even max out contributions for one IRA much less two.

[tahirisaid]

I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87, 000 and sold it for $197, 000. My second home, acquired for $170, 000, was later sold for $320, 000, and my third property, purchased at $300, 000, fetched $589, 000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.

[michaelgiuliano]

There's legit a video under your saying "don't get a sep IRA" lol