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Willravel, you mentioned being your own boss. I presume that means that you are self-employed. If so, you might want to investigate organizing your business as a class-C corporation. That gives many advantages for retirement planning. You can pay yourself a lower salary than what you take in, thus reducing the tax burden. Since class-C corps are allowed to build wealth, the remainder can be invested and all investment and financial planning advice is a tax deduction for the corp. When you decide to retire (or semi-retire), you can continue to pay yourself a salary, even without income in the door. There are many such advantages.
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If ignorance is bliss then why are the ignorant so angry? - Shannon Wheeler
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