401k Pension & Self-Employed Retirement Plans Explained

401k Pension & Self-Employed Retirement Plans Explained!

I provide a comprehensive explanation of the 401k and pension plans as the most common American employer-sponsored retirement plans as well as if you’re self-employed and interested in a Solo 401k, SEP IRA, and/or a SIMPLE IRA. Contributing the minimum to get an employer match is always a good idea because it can be thought of as BONUS SAVINGS or some call it “free money” that you may not have otherwise had a chance to save. I also talk about what I personally do to maximize and optimize my investment portfolio that includes some of these tax-advantaged retirement plans.

If you’d like to navigate to the video timestamp 10:03 you can check out my tables chock full of details for the typical 401k, pension, Solo 401k, SEP IRA, and SIMPLE IRA.

I’m excited to be on a path to FIRE (Financial Independence, Retire Early), and I look forward to making more investor friends. Lets connect on Instagram @ michellemarki! 🙂