Posts Tagged ‘Solo 401k’
3 Tax Facts That Executives and Business Owners Need to Know About SECURE 2.0
TRANSCRIPT: Happy New Year Everyone! While many of us took advantage of some downtime during the Holidays, our elected representatives in Congress passed an 1800-page tax bill known as SECURE 2.0 which contains several items that well compensated executives and business owners should understand as they manage their finances over the next several years I’m…
Read MoreFinancial Planning News You Can Use- Episode 2 -Wealth, Health, and Congressional Stealth
Executives and business owners should be aware of changes to 401k limits, preventing financial hardship due to illness, and the benefits of donor advised funds.
Read MoreAre You a Sole Proprietor? Which Retirement Plan is Best for You?
If you are a successful independent contractor, sole-proprietor, or gig worker, you have several options to save for retirement and reduce taxable income. SEP IRA and Solo 401(k) plans are designed to maximize retirement savings for the self-employed
Read MoreThree Financial Planning Tips for Scarlet Knights in the Gig Economy
Over the last year, I have the pleasure of working with several Rutgers grads who were former executives at Fortune 500 companies. Each of them left the corporate world and re-invented themselves as entrepreneurs in the New Economy. They created jobs as independent contractors and are now providing education and services to universities, manufacturing, and…
Read More