Planning for Retirement as a Realtor
Planning for retirement is important for someone in any profession. Many real estate agents are self-employed, however, and this can have an impact on the retirement planning process. There are three primary kinds of retirement that a self-employed realtor can choose from. One possibility is known as a Roth IRA, and it’s funded by your own post-tax income. Alternatively, you can opt for a traditional IRA, which is similar to a Roth IRA, but with tax-deductible contributions. Lastly, real estate agents can utilize a solo 401(k) plan. Are you a real estate agent currently planning for retirement? If so, you can contact us for valuable advice and guidance.