Regardless of profession, everyone needs a plan for retirement—planning early, however, will save you a good deal of hassle down the line. If you’re a self-employed real estate agent, there are a few possibilities you’ll need to keep in mind to effectively plan for your retirement. Notably, there are three forms of retirement you could opt for. Maybe you’ll decide upon a Roth IRA; this individual retirement plan will be funded by your own income (post-tax). You could also go with a traditional IRA, similar to a Roth IRA but with tax-deductible contributions. And remember, it is possible for self-employed real estate agents to decide upon a solo 401(k) for their retirement. Contact us about determining your best retirement options as a real estate agent.
