One of the reasons that diplomatic partners start businesses or take on telecommuting work is that they are looking for career satisfaction. Erin’s work as a financial advisor has changed over the last 10 years, and is now exactly where she wants it to be: portable, satisfying and high-caliber. In this episode, she talks about how she became portable, but also provides important advice for diplomatic partners considering their own small business: options for planning for retirement and for reducing your current tax burden.
Download IRS resources related to the Solo 401 and SEP-IRA discussed in this show by searching the following terms:
Publication 4484 (rev. 04-2021) (irs.gov)
Publication 3998 (Rev. 11-2020) (irs.gov)
