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Slightly offtopic, but in US how you should go if you want to do small investments in other companies or just assets? Like angel investing. Should I set up an
by splix 4y ago
Slightly offtopic, but in US how you should go if you want to do small investments in other companies or just assets? Like angel investing.
Should I set up an independent LLC just to simplify account on my personal taxes? Would be it be easier or more complex in this case? How it's taxed? How it's usually done?
- 0xfaded 4y agoGoogle mega-backdoor Roth IRA
- mercutio2 4y agoI agree that a mega-backdoor Roth is a potential approach, but to be clear, there are a LOT of hurdles that your 401k administrator has to jump through to allow this, so it's an example of an "if you're lucky enough to have an amenable 401k provider" suggestion, not an "everyone should do this" suggestion. Angel investing from a Roth account is a more universal possibility; not all Roth administrators allow arbitrary investments, but you can roll over Roth balances to an IRA that does all this.