The Financial Flow

In this week's episode of The Financial Flow, I cover the four retirement plan options that every self-employed solopreneur should consider: non-plan Traditional IRA and Roth IRA, the SIMPLE IRA, the SEP IRA, and the Solo(k) (or Solo 401(k)) plan. I cover the pros and cons of each, and discuss the difference in annual maximum contribution, and touch on how that can be affected by business entity structure.

#RothIRA #selfemployed #soleproprietor #retirement #retirementplan #financialplanning #solo401k #401(k)

Thanks for tuning in to Financial Flow, brought to you by Tidepool Wealth Strategies. Until next time, stay resilient – and plan to retire well!

Tidepool Wealth Strategies website
Phillip Smith, CRPC AIF LinkedIn

Addressing the common question that comes up when someone leaves an employer, "What do I do with my old 401(k)?" and providing some perspective on how self-employed professionals can navigate the matter.

Covers the four options ever participant has with their previous employer's 401(a), 401(k), 403(b) and 457 plan account, with some pros and cons to consider for each of the options.

#401k #financialplanning #retirementplanning #financialadvice #selfemployed #solopreneur 

Thanks for tuning in to Financial Flow, brought to you by Tidepool Wealth Strategies. Until next time, stay resilient – and plan to retire well!

Tidepool Wealth Strategies website
Phillip Smith, CRPC AIF LinkedIn

In our second episode, we cover a broad overview of financial planning, as it related to solopreneurs, the self-employed - any army-of-one business owner. We cover our four primary areas of planning focus: cash flow, tax planning, risk management (estate planning ,emergency fund and insurance planning), and portfolio management. We also suggest some immediate action to take.

Our planning process is used with all of our clients, but again, the goal of this podcast is to provide helpful guidance to the sole proprietor in need of help with retirement planning.

#financialplanning #selfemployed #retirementplanning #wealthmanagement #solopreneur 

Thanks for tuning in to Financial Flow, brought to you by Tidepool Wealth Strategies. Until next time, stay resilient – and plan to retire well!

Tidepool Wealth Strategies website
Phillip Smith, CRPC AIF LinkedIn

The inaugural, and likely the least educational, podcast episode of Financial Flow. An introduction to the purpose of the podcast and the intended audience (self-employed business owners, solopreneurs). Explanation of the tidepool symbolism.

Thanks for tuning in to Financial Flow, brought to you by Tidepool Wealth Strategies. Until next time, stay resilient – and plan to retire well!

Tidepool Wealth Strategies website
Phillip Smith, CRPC AIF LinkedIn