ANSWERS: 3
  • I would consider an IRA.
  • Yes. You can contribute to as many 401k's as you like in a year as long as the total contribution on your part to all of them in total does not exceed $20,500.
  • Since your consulting business means you are also self-emplyed it opens up all kinds of retirement funding options including SIMPLE & SEP IRA's, or a Uni-K which is a 401k for one. But of you have employees be careful. I suggest seeing a professional to help you find the best option for you!

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