Hi All,
I started my new job, and there are no retirement accounts that I am being offered. The salary is on a W2, so I am apparently not able to set up an independent 401k. What do you all think I should do? Ask to be paid on a 1099, so that I can establish my own plan? Ask Employer to make a retirement account for me, although through my initial talks he seemed hesitant before. For now I can essentially only contribute to the backdoor roth, but that is only 5500 per year. I want to contribute up to 50k per year.
I started my new job, and there are no retirement accounts that I am being offered. The salary is on a W2, so I am apparently not able to set up an independent 401k. What do you all think I should do? Ask to be paid on a 1099, so that I can establish my own plan? Ask Employer to make a retirement account for me, although through my initial talks he seemed hesitant before. For now I can essentially only contribute to the backdoor roth, but that is only 5500 per year. I want to contribute up to 50k per year.
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