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<blockquote data-quote="CattleMan1920" data-source="post: 1559542" data-attributes="member: 37967"><p>Why are you guys focused on a piddly little Roth IRA?</p><p></p><p>I would think you would want to incorporate your operation, preferably an S-Corp versus an LLC. Then I would focus on funding a SEP IRA. You can put $56k in for 2019. Let your accountant explain this to you, but it's a no brainer if you have the income to fully fund it. Don't forget 179 deductions on equipment. </p><p></p><p>I personally would invest 100% of the SEP in Vanguard Total World Stock Index Fund Investor Shares (VTWSX). I would stay away from fixed income like the plague. Once rates rise you will get creamed unless the duration is low in the portfolio. You might be somewhat safe in T-bills. </p><p></p><p>Equities are probably going to get creamed as well soon, but you can at least dollar cost average into them monthly to be on the safe side. </p><p></p><p>These are a few ideas, along with raw land and passive income from rental property. </p><p></p><p>My suggestions are solely my opinions and NOT direct, investment advice. Speak to your accountant or financial advisor first.</p></blockquote><p></p>
[QUOTE="CattleMan1920, post: 1559542, member: 37967"] Why are you guys focused on a piddly little Roth IRA? I would think you would want to incorporate your operation, preferably an S-Corp versus an LLC. Then I would focus on funding a SEP IRA. You can put $56k in for 2019. Let your accountant explain this to you, but it’s a no brainer if you have the income to fully fund it. Don’t forget 179 deductions on equipment. I personally would invest 100% of the SEP in Vanguard Total World Stock Index Fund Investor Shares (VTWSX). I would stay away from fixed income like the plague. Once rates rise you will get creamed unless the duration is low in the portfolio. You might be somewhat safe in T-bills. Equities are probably going to get creamed as well soon, but you can at least dollar cost average into them monthly to be on the safe side. These are a few ideas, along with raw land and passive income from rental property. My suggestions are solely my opinions and NOT direct, investment advice. Speak to your accountant or financial advisor first. [/QUOTE]
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