Sunday, December 15, 2024
No matter what your age, always fill your “retirement” savings plans to the maximum under law: IRA, SEP IRA, ROTH IRA, 401k, etc. Some let you “catch up” if you missed a year or two. Not doing so is one of the biggest mistakes solo entrepreneurs make. These investments, unlike social security, are yours to control, and can provide huge comfort later in life. The tendency, when young, is to think you’ll “get around to it” later. Too many don’t.