How can freelancers effectively plan for retirement?
An example of an AI chatbot conversation about retirement planning for freelancers.
How can freelancers effectively plan for retirement?
Freelancers can start by setting up a retirement account like a Solo 401(k) or an IRA. Have you considered any specific options?
I haven't thought about it much. What are the benefits of a Solo 401(k)?
A Solo 401(k) allows you to contribute both as an employee and employer, maximizing your savings. You can also borrow from it if needed.
That sounds great! How much can I contribute each year?
For 2023, you can contribute up to $22,500 as an employee, plus an additional employer contribution, bringing the total to $66,000 if you're under 50.
What if I'm over 50? Are there catch-up contributions?
Yes! If you're over 50, you can make an additional catch-up contribution of $7,500, increasing your total contribution limit.
Use ChatGPT in Telegram
Get this answer and more from ChatGPT in Telegram, try it for free!
Get Started For FreeWhat can MagicBuddy do?
The Friendly AI in Your Pocket
Powered by advanced language models trained on billions of online words and conversations, MagicBuddy delivers friendly and helpful chat on demand.
Ask questions and get answers. Crack jokes and get laughs. Or even get writing ideas and study help. MagicBuddy's conversational intelligence allows for a truly unique and useful chat experience.
Curious? Try these prompts:
Telegram's Best AI-Powered Chatbot
MagicBuddy is incredibly easy to use and the responses are lightning fast! 🥇
Impressive! MagicBuddy is my go-to AI assistant. It’s quick, accurate, and user-friendly.
Sending voice messages makes it easier to use in the middle of the day and the answers are super fast.
Love it! A friend of mine told me about it and it has made my life so much easier. It’s like having a helpful friend in my pocket!
I use 2 months already, simply amazing! MagicBuddy delivers answers in a snap. It’s a must-have tool for staying informed!
Game-changer! MagicBuddy’s speed and accuracy are unmatched. It’s my secret weapon for productivity
Talk to ChatGPT on Telegram
Say Hello to Your New Telegram BFF - Try MagicBuddy Free!
Get Started For Free