Retirement Plans for Full-time Traders

Recorded Nov. 14, 2012

The best retirement plan for business traders is an Individual 401(k). It maximizes income tax savings vs. self-employment tax or payroll tax cost. Set it up before year-end in connection with your trading business. Roth IRAs provide an opportunity for permanent tax savings on trading income. Consider a Roth conversion before year-end. And there’s no need to worry — you can do a re-characterization if it doesn’t work out well.

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Bob Green did not let me down. He was great to speak with, took his time and listened to my concerns. He provided several options and described in detail the pros and cons of each. I definitely got my money's worth. 

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