I am currently a full time software developer, and have a side business done under my own LLC (S corp).
For the sake of having concrete numbers, lets say I make $100,000 through my full time job, and $50,000 profit through my business, all before tax.
My goal is to stuff as much money into delayed tax investment vehicles.
With my employment income, I can do this by maximizing my 401k contribution every year. For 2019 that is $19,000. Simple enough.
Now I'm in a spot where I want to invest my business income into something. I heard pensions is a good way of doing that since I can put in a significant amount of money into it (based on income, age, etc). Is there a ball park number I should be hitting before I consider hiring someone? I heard the fees are pretty nuts, like $5k a year or something just to have a pension guy. Is $50k in business income enough to start looking for a pension guy?
Also, does having that $100k in employment income affect my potential decision to enroll at all? Or is it completely independent of it?