49 YO Female -Self-Employed Landlord which Retirement Plan?

[frugalone]

Here is a link to a previous question where I got lots of great help and has details of my financial situation. 

https://forum.mrmoneymustache.com/ask-a-mustachian/49-y-female-housing-decision-needed/

I have my property in a Sole-Member LLC with no employees and am now focusing on tax deferred retirement plans. Not sure which one.

Can I put investments in an index fund with minimal management fees as suggested by JL Collins. Vanguard has VTSAX with fees at 0.04%.  Would that be considered an IRA? I get the buckets concept but do I just call up Vanguard and say - I have $10k and want to start a retirement plan with VTSAX?

Having finished "Simple Path to Wealth" by JL Collins I am wondering if any one has experienced this situation?

[cchrissyy]

The decision to invest in vtsax, or any other stock or bond or mutual fund or index fund (etc)  is an entirely different question from what type of account you open and hold it in.

From what you posted, I don't know if you qualify for any kind of IRA.  Do you have any earned income? The rental income doesn't qualify and the fact you have an LLC doesn't matter. Not unless you are an actual real estate professional.

Still, you can buy vtsax and any other stock or fund just fine and without limits in a normal brokerage account at schwab or vanguard or fidelity etc.  Just don't ask them for "a retirement account" unless you have another source of income which lets you do so.

[frugalone]

Thank you for leading me in the right direction! Very much appreciated.