The title of the article sounds like this is a retirement fund, but it sounds like they are referring their drivers to start IRAs with Betterment. It seems that as contracting companies, drivers could maybe set up their own SEPs.
Some differences
- An Uber Driver with a Full Time job and 401k may not be able to deduct IRA contributions
- An Uber Driver making over 120k wouldn't be able to contribute to a Roth IRA.
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[ 3.9 ms ] story [ 9.9 ms ] threadSome differences
- An Uber Driver with a Full Time job and 401k may not be able to deduct IRA contributions
- An Uber Driver making over 120k wouldn't be able to contribute to a Roth IRA.
- Lower Contribution Limits