I setup an EIN At my new contract I'm looking at the optimal savings structure:
- Weighing a 401k Solo vs a SEP IRA
- Looking to take advantage of a Backdoor conversion.
- Considering that it's near the end of the calendar year!
- Definitely maximizing my contribution to whatever is possible
I spoke with an Edward Jones fin advisor that was setting up a plan for me and it looked good but they charge fees over 1% to invest in their own low-cost ETFs (speaking with him later to see if they can move to a flat administrative fee + the ETF administrative fees).
What do you guys think the best savings structure is? Should I factor in my contributions for 2018 401k when making this decision or just focus on the best vehicle for 2019?
And what type of cost should I expect when working with a plan administrator? If there are recommendations for a good flat-fee or low cost plan I would love to hear about it here or through DM.