Row 29660

Row ID: 29660 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 29660 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I’m sure variations of this question have been asked but I’m a bit confused on the proper self employed/side business retirement account I should open with 1099 type income from my small business (just me no employees), and would like to avoid being penalized later by the IRS for over contributing or having the wrong type of account!

Question: Would a SEP IRA, Traditional IRA, or ROTH IRA be more appropriate for my side business of just me no employees, relatively small income ($<20k) after maxing out my main job’s employee W-2 401K and personal backdoor ROTH IRA, both not affiliated with my side business? Any insight is appreciated. Thanks.

FieldValue
text I’m sure variations of this question have been asked but I’m a bit confused on the proper self employed/side business retirement account I should open with 1099 type income from my small business (just me no employees), and would like to avoid being penalized later by the IRS for over contributing or having the wrong type of account! Question: Would a SEP IRA, Traditional IRA, or ROTH IRA be more appropriate for my side business of just me no employees, relatively small income ($<20k) after ma…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9VNTVMclFyV1dPQXozTVpDaHdDSGR3dFBrZXZ3NHI3TTBLbk5sbHdhLVdKMkJQVVk1amtsUTdaWjY4aE5FdmxIaXgtLWNMTnhMeHRoWEZRMGdMSFYxY1kzNGVEdEZhdFpQZ09IS3RlbC1FQW52OWJJME94T1dhUGZka1Q1NEpzR1lVcU1aYjNERmljT2V2a1RuQlNSN1paVmpoLVMwV1ZiUHBVbWhyclU4MFNnMlJpdUFGRjBKczJWRUJ6NDVjSFhJNTBsWGE5TzFPZmo4NndtQWdQeVlRdz09

Raw Record

{
  "text": "I’m sure variations of this question have been asked but I’m a bit confused on the proper self employed/side business retirement account I should open with 1099 type income from my small business (just me no employees), and would like to avoid being penalized later by the IRS for over contributing or having the wrong type of account!\n\nQuestion: Would a SEP IRA, Traditional IRA, or ROTH IRA be more appropriate for my  side business of just me no employees, relatively small income ($<20k) after maxing out my main job’s employee W-2 401K and personal backdoor ROTH IRA, both not affiliated with my side business? Any insight is appreciated. Thanks. ",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1GX2JjVVhEaGI0TWxvZjNoa1NZWEx2Qlo3QmgydVNuRzhoRi1JYTBKMExQelFvczg4NVZiaGJ2SmZ0R0JGek12YUdhdlJidk9zVDdLN2NTbnBEWDBWZFE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9VNTVMclFyV1dPQXozTVpDaHdDSGR3dFBrZXZ3NHI3TTBLbk5sbHdhLVdKMkJQVVk1amtsUTdaWjY4aE5FdmxIaXgtLWNMTnhMeHRoWEZRMGdMSFYxY1kzNGVEdEZhdFpQZ09IS3RlbC1FQW52OWJJME94T1dhUGZka1Q1NEpzR1lVcU1aYjNERmljT2V2a1RuQlNSN1paVmpoLVMwV1ZiUHBVbWhyclU4MFNnMlJpdUFGRjBKczJWRUJ6NDVjSFhJNTBsWGE5TzFPZmo4NndtQWdQeVlRdz09"
}
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