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One-Participant 401(K) as a Tool for Farmers and Ranchers

Center for Ag Profitability Webinar

12:00 pm – 1:00 pm
Virtual Location: Zoom - Register Here
Target Audiences:
Center for Ag Profitability,
With: Jessica Groskopf, Agricultural Economist and Extension Educator, UNL; Cory Walters, Professor, Agricultural Economics, UNL; and Doug Nelson, Certified Financial Planner, Adjunct Faculty (Child, Youth and Family Studies), UNL.

According to USDA, only 40% of farm households participate in some type of retirement account. For self-employed farmers and ranchers without full-time employees, the opportunity to invest in a One-Participant 401(k) plan is a way to (1) save money for retirement, (2) reduce taxable income, and (3) provide the potential option to borrow from the plan.

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This event originated in Center for Agricultural Profitability.