I'm 28 years old and currently a 1099 self-employed contractor at my job, and have been for 2+ years now. I make about $70k a year before taxes. I'm hoping to eventually get hired on full-time and know the company I work for would match my 401k. I've been looking into IRA options in an effort to prepare for retirement, but I'm not sure if an IRA would be redundant once I have a 401k through my employer. So my questions are:
- Should I go ahead and open an IRA now, or should I wait out my employer until I'm hired full-time and have access to their 401k matching? Or...
- Should I look into a solo 401k, and, if so, what are the tax benefits (if any) of opening one?
Thanks in advance!