126: Retirement Accounts for Freelancers (And LLCs Too) with Elton Lalaj, CPA

Artistic Finance

A discussion about different types of retirement accounts for freelancers with CPA Elton Lalaj.

Topics:

⭐ IRA

⭐ SEP IRA

⭐ SIMPLE Plan

⭐ Defined Benefit Plan

⭐ Individual, Solo, or Uni-401k

The discussion continues discussing types of legal entities and if freelancers should take the step to incorporate.

Topics:

⭐ LLCs

⭐ Sole proprietorships

⭐ S-Corps and C-Corps

⭐ DBA - Doing Business As

⭐ Multi-Member versus Single-Member

⭐ K1 tax forms and pass through entities

The episode wraps up dispelling myths about:

⭐ Artists using accountants to file taxes.

⭐ What type of retirement accounts young artists should open.

Lalaj CPA Group:

https://lalajcpagroup.com/

Elton on LinkedIn:

https://www.linkedin.com/in/elton-lalaj-4049aa79/

Best Retirement Plans For Freelancers:

https://www.forbes.com/advisor/retirement/retirement-plans-for-freelancers/

Retirement Plan Options For The Self Employeed:

https://www.nerdwallet.com/article/investing/retirement-plans-self-employed

Types of LLCs:

https://www.upcounsel.com/what-are-the-different-types-of-llc

Carl Faber - Episode 100:

https://www.youtube.com/watch?v=FdZI-plB6aU&ab_channel=ArtisticFinance

Lap Chi Chu - SIMPLE IRA - Episode 90:

https://www.youtube.com/watch?app=desktop&v=hKfIr1TEt7w&ab_channel=ArtisticFinance

...

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Interview by Ethan Steimel