It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

investing, taxing.

You've got financial questions, he's got financial answers.

It's Brian Preston, the money guy.

Next up we have Nathan or Nate if you will.

He says if you do DoorDash or similar for some extra side cash, does it make sense to

do a set IRA after getting your full time employer match?

After you get your match, is it better to prioritize the 401K or the set IRA?

It sounds like Nate is beginning to get into the world of self-employed retirement plans

and he's trying to figure out if he should prioritize his own or his employers or how

he should go about figuring that out.

This is, man, I think it's pretty common now that people have side hustles.

I think it's really cool in this new modern world that you can have a great job, but

thing you can also go out there if you have some spare time and load up and really fun

towards goals, especially if you've got big things coming up, housing purchases and so

forth.

There's now an avenue to do this.

Let's talk about, first, I always want to pay respect to the financial order of operations

because this is the questions that Nate was asking was primarily, he's got an employer

plan, but he's now, I guess, is probably doing his taxes in the account and says, hey,

you know, you're self-employment income.

You could also do a set IRA that would lower your taxes so it creates a great opportunity.

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