Author Topic: Should I get an Individual 401k?  (Read 1837 times)

purplish

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Should I get an Individual 401k?
« on: November 05, 2014, 08:04:06 PM »
I have rental property, that grosses approx. $27,500 a year.  I have a day job as well, however they do not have any retirement plans.  I plan on getting a Roth IRA and maxing it out each year.  Should I then also put the extra money into an Individual 401k?  Or just invest the rest in index funds?

taekvideo

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Re: Should I get an Individual 401k?
« Reply #1 on: November 05, 2014, 10:24:52 PM »
Pretty sure rental income isn't eligible, only earned income.
If you find a way to do it definitely let me know.