- Looking for Ways to Maximize Your Retirement Contributions?
- If you are a sole proprietor with no full-time employees other than yourself and/or your spouse, and you are seeking to maximize your retirement plan contributions, a Solo 401(k) may be right for you. The key benefits of a Solo 401(k) plan allow you to:
- 14 interviews with some of the most influential #entrepreneurs of our time.
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As a business owner, sometimes it feels like the weight of the world is on your shoulders. It is your money and time on the line. It is your business decisions and the risks you take on that will help define your future. We compiled a list of interviews of some of the most successful thought leaders that might help shed light on the struggles all entrepreneurs go through. Sometimes it just makes you feel better when you hear how others overcame the same struggles you face and made it big.
- Time for Baby Boomers to Pay Up
- All you baby boomers who have been stashing away tax-deferred retirement savings, take note: it is getting close to the time to start withdrawing funds from those accounts and, of course, paying taxes on those withdrawals. This includes distributions from traditional IRAs and 401(k)s.
- Hobbies and Income Tax
- Millions of U.S. taxpayers engage in hobbies such as collecting stamps or coins, refurbishing old cars, making crafts, painting or breeding horses, and the list goes on.
- Preparing Your Own Tax Return? That May Not Be a Wise Decision.
- We hear a lot about the complexity of the tax code these days and a lot of rhetoric from Washington about simplifying it. The tax code was originally written simply to bring in money (taxes) to pay for government costs. But over the years, Congress has used the tax code more and more as a tool to manage social reform, and as a result the code has gotten quite complex.