1099 CRNA Institute: Thrive as your own boss-Retirement Plans for the 1099 CRNA

Video Transcription

Video Summary

In this video transcript, the speaker discusses various retirement plans for 1099 CRNAs, focusing on SEP plans, IRAs, solo 401(k)s, and defined benefit pension plans. They explain the benefits and drawbacks of each plan, emphasizing the importance of choosing the right plan based on individual circumstances. The SEP plan allows for contributions up to 20% of income, while IRAs offer flexibility with pre-tax or post-tax contributions. Solo 401(k)s cater to self-employed individuals and allow higher contribution limits than a SEP plan, with the option for loans. Additionally, they introduce defined benefit pension plans for those looking to save larger amounts for retirement. The speaker recommends understanding each plan's parameters and consulting with an expert to make an informed decision tailored to one's financial goals.

Keywords

retirement plans

1099 CRNAs

SEP plans

IRAs

solo 401(k)s