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Retirement account options for business owner with 2-5 employees?
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Hey, Im a beekeeper in ND, and will be in a position to start making really good money (100k-150k) in the coming years. I'm in the process of moving a Roth IRA to Schwab for investment in an index fund, but it due to money issues in years prior, it's only got $5800 in it now, but I'm planning on making it this fiscal year and next.

What are some other account options for me? I looked into 401(k), but wasn't really clear on what I qualified for.

EDIT: projected living expenses are about 35k, but I do need a new personal vehicle, and am planning on spending about 30k, because I live in a rural area and have a son, and have been thinking of something like an Outback, or idk, a used bronco... I know this subs opinion on vehicles haha

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1 year ago