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Most low to middle income earners struggle to hit their 5k or so maximum of a regular IRA versus operate a self-directed or have the additional funds to make it
by WORMS_EAT_WORMS 5y ago
Most low to middle income earners struggle to hit their 5k or so maximum of a regular IRA versus operate a self-directed or have the additional funds to make it worth it.
- kube-system 5y agoMost low income Americans struggle to save any money for retirement at all.
- davio 5y agoI'd expect people who are actually doing this are rolling over large 401k balances to self directed IRAs rather than saving up a couple thousand a year. Entrepreneurs can put up to 58k a year into a Solo 401k