Strategies for Multiple Retirement Plans – Ask The Hammer
Strategies for Multiple Retirement Plans are increasingly important for professionals with both full-time jobs and side income. In this episode of Ask The Hammer, financial experts Jeffrey and Bob answer a question from a successful individual working multiple jobs, aiming to save aggressively for retirement.
The episode explores whether it’s possible to defer more income by contributing to more than one retirement plan. It covers the key differences between a SEP IRA and a Solo 401(k) and offers insights into how contribution limits apply across multiple income sources.
If you’re juggling traditional employment and self-employment, this discussion offers practical strategies and tax-efficient planning tips to help you make the most of your retirement options.
Learn more about SEP IRAs and Solo 401(k) plans from the IRS official retirement plans page, and watch full episodes of Ask The Hammer on FinStream.tv.