Podcasts about solo 401k

In this episode, Dr. Preston Cherry breaks down how business owners can choose and use retirement plans to boost income, cut taxes, and maintain their lifestyle. He covers Simple IRAs, SEP IRAs, Solo 401ks, and cash balance plans while explaining key tax-saving strategies, like diversifying tax exposure and using Health Savings Accounts (HSAs).Takeaways:• Maximize income & tax savings• Choose the right plan• Solo 401ks = big contributions• Cash balance = higher limits• HSAs = triple tax benefitsWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletterDo you want confidence & clarity? Check out our award-winning wealth advice servicesGrab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life'Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode of the Directed IRA Podcast, Mark and Mat break down how to use your self-directed IRA or 401(k) to invest in private businesses, funds, and startups. We're not talking about running another business yourself—we're talking about leveraging your expertise to identify valuable investment opportunities.Most people think investing with an IRA means buying stocks, but what if you could invest in the next big thing before it goes public? Whether it's a local business you know has potential or a startup in your industry, using insider knowledge (legally!) can be a game-changer.We cover:✅ How investing in private companies differs from public stocks✅ Why broker-dealers don't allow this—and how self-directed IRAs give you control✅ The risks and rewards of private business investments✅ How a Roth IRA can help you grow wealth tax-free with the right investmentsIf you're looking for ways to maximize your retirement returns beyond traditional stocks and mutual funds, this episode is for you.Head over to DirectedIRA.com now to start your self directing journey! Learn how to take control of your retirement - https://directedira.com/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/Connect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/TikTok: https://www.tiktok.com/@sorensenmat YouTube: https://www.youtube.com/@MatSorensenWebsites:https://directedira.comhttps://matsorensen.comhttps://kkoslawyers.comhttps://mainstreetbusiness.com

Hosted by: Dr. Disha Spath Guest: Sean Mullaney, Advice-Only Financial Planner and Author of The Solo 401k: The Solopreneur's Retirement Account     Episode Highlights: Introduction: Dr. Disha Spath welcomes listeners back and introduces Sean Mullaney, President of Mullaney Financial and Tax Inc, a fee-only financial planner and tax advisor for self-employed individuals and small business owners. About Sean Mullaney: Sean shares his background, transitioning from a career in corporate tax planning to launching an advice-only financial planning firm. He discusses his award-winning blog, FITaxGuy.com, and his book The Solo 401k: The Solopreneur's Retirement Account, which has become a valuable resource on tax planning for freelancers and independent contractors. Sean's Financial Journey: Sean discusses his passion for personal financial planning and his motivation to help small business owners and entrepreneurs maximize their savings through tax-efficient retirement strategies. Understanding the Solo 401k: Sean explains the structure and benefits of the solo 401k for self-employed retirement planning, highlighting its differences from traditional 401ks and IRAs. This retirement option is designed for self-employed professionals, including “physicians with side gigs” and “freelancers,” offering flexibility in contributions and investment options. Combining W-2 Employment with Side Hustles: Sean offers strategies for combining a solo 401k with retirement planning for 1099 income when you have both W-2 earnings and independent contracting income, helping listeners maximize their retirement contributions. Alternatives to the Solo 401k: Sean reviews other self-employed retirement plans, including SEP IRAs, Simple IRAs, and Defined Benefit Plans, explaining the pros and cons of each option based on business income, structure, and goals. The Backdoor Roth IRA Strategy: Sean explains the solo 401k's compatibility with the backdoor Roth IRA strategy for high-income earners, allowing listeners to bypass the pro-rata rule and make tax-free contributions without triggering extra tax burdens. Rollover Strategies for Former Employer 401ks: Sean provides retirement rollover options for managing a previous employer's 401k. He explores the options of leaving it where it is, rolling it over to a traditional IRA, or moving it to a solo 401k, with insights on tax benefits, fees, and creditor protection. Future of Retirement Savings for Entrepreneurs: Sean shares his perspective on the trend toward Roth accounts, the tax outlook for retirees, and the impact of political dynamics on future retirement tax planning. Where to Find Sean Mullaney: Sean invites listeners to explore his blog, FITaxGuy.com, for insights on tax planning for financial independence and to check out his YouTube channel, featuring weekly personal finance videos for practical financial advice.     Key Takeaways: Solo 401k Benefits for Self-Employed Individuals: Solo 401ks offer higher contribution limits, greater flexibility in investment choices, and significant tax advantages for self-employed professionals and side hustlers. Combining Retirement Accounts for Physicians and Entrepreneurs: Professionals with both W-2 income and 1099 earnings can leverage multiple retirement accounts to maximize tax-advantaged savings. Backdoor Roth IRA Advantages: A solo 401k allows high-income earners to implement a backdoor Roth IRA strategy while avoiding pro-rata rule issues, making it especially valuable for physicians with 1099 income. 401k Rollover Considerations for Solopreneurs: Carefully weigh rollover options for former employer 401ks, focusing on factors like fees, tax rules, and creditor protection.     Recommended Resources: The Solo 401k: The Solopreneur's Retirement Account by Sean Mullaney Sean's blog: FITaxGuy.com – Covering “tax planning for financial independence” topics. Sean's YouTube channel: Sean Mullaney Videos     Thank you for tuning in to Finding Financial Freedom with The Frugal Physician! If you enjoyed this episode, please subscribe, rate, and share it with your colleagues. Stay frugal and financially free! The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Disha and the Finding Financial Freedom with The Frugal Physician podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services. Guest appearances on the podcast do not constitute their endorsement of any sponsors of the Finding Financial Freedom with The Frugal Physician podcast.

In this episode, Nate and Ben delve into the specifics of solo 401(k) eligibility for physicians. They address common misconceptions and intricacies related to retirement accounts, discussing various financial strategies that physicians can consider as they navigate their professional careers. The hosts provide insights into the benefits and limitations of having a solo 401(k) while sharing personal anecdotes and professional experiences.Key Highlights:1.Understanding Solo 401(k) Plans:- The hosts explain the concept of a solo 401(k) and its primary benefits for self-employed physicians. They highlight the high contribution limits available through this type of retirement account.- Important eligibility criteria are discussed, including the need for self-employment income and the absence of full-time employees other than the owner and their spouse.2.Transitioning from Self-Employment:- They address the considerations for physicians transitioning from self-employment to W-2 employment. This includes the potential impact on previously established retirement accounts and the importance of understanding different account regulations.- The conversation underscores the importance of maintaining tax efficiency during these transitions.3.Comparing Retirement Accounts:- Nate and Ben navigate the various types of retirement accounts available to physicians, discussing the pros and cons of solo 401(k)s versus other retirement plans such as traditional 401(k)s and IRAs.- Strategies for managing funds within these accounts are provided, helping listeners understand the implications of investment choices.4.Insurance Considerations:- The episode touches on necessary insurance products for physicians, emphasizing how to evaluate and choose insurance options wisely.- They discuss the importance of assessing life and disability insurance needs as part of a comprehensive financial plan.5.Importance of Professional Guidance:- The hosts highlight the value of working with a knowledgeable financial advisor to navigate the complexities of retirement planning and investment strategies.- They encourage listeners to seek professional opinions, particularly when dealing with significant financial transitions or decisions.Actionable Advice:- Get Personalized Financial Advice:For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor.- Have a Question?Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode!Resources Mentioned:- The Overtaxed Doctor's Retirement Investing Checklist:Are you getting all the tax breaks you deserve? Download your checklist here to ensure you're maximizing your opportunities.Disclaimer:Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative

Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/In today's podcast, we dive into utilizing qualified retirement plans, such as self-directed IRAs and solo 401ks, for business owners and side hustlers. We discuss the recent Fed rate cut and its impact on the economy and interest rates. The importance of value-added real estate deals, private equity, and the strategic use of retirement accounts for high volatility investments like cryptocurrencies are covered. We also explore tax benefits of different investment strategies, leveraging non-tax advantaged funds, and the hierarchy of financial objectives. Finally, we offer insights on the optimal use of various investment vehicles to achieve financial freedom and effective wealth management.07:32 Exploring Advanced Tax Strategies and Investment Vehicles10:30 The Bucket Theory Reimagined: Financial Planning Over Time Hosted on Acast. See acast.com/privacy for more information.

In this latest episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen explore the Solo 401(k), detailing how self-employed professionals and small business owners can benefit from its substantial contribution caps and diverse investment opportunities, such as real estate and cryptocurrencies.Here are some of the highlights:Mark and Mat breakdown how a solo 401(k) is key to building retirement wealth.Mark and Mat unpack the optimal order of investing: Company match, Roth IRA, HSA, then solo 401(k).Why the Solo 401(k) is ideal for high-income self-employed individuals.Cannot have solo 401(k) with full-time employees (1000+ hours/year)Spouse can have separate solo 401(k) if they have their own businessSelf-directing investments: Not limited to stocks, can invest in real estate, private companies, cryptoImportance of maintenance and requirements: Track contributions, file Form 5500 when assets exceed $250,000 Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

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So many retirement questions have no right answers. They're simply judgment calls. In this episode, we'll explore whether it makes sense to switch to a Roth 401K. Don't listen to find out the answer. Listen to learn the process to use to come up with your own answer. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:03] Does it make sense to switch to a Roth 401K [13:55] An IRMAA surcharge question [18:18] Can you use the Rule of 55 for a Solo 401K? [20:36] A backdoor Roth question [26:22] A 5-year rule Roth IRA question [28:36] An organized Social Security question WISDOM FROM THOSE ON THE JOURNEY [31:31] What I wish I had known from Elaine [33:27] What a 70-year-old has learned about retirement TODAY'S SMART SPRINT SEGMENT [36:48] Relax and don't worry about retirement Resources Mentioned In This Episode My recent Forbes article Rock Retirement Club Roger's YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger's Retirement Learning Center  

Is timing the market when you withdraw money from your retirement accounts or do Roth conversions an effective strategy to minimize tax and maximize returns for YMYW listener Robert? That's today on Your Money, Your Wealth® podcast 488 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, should Doug change his 60/40 asset allocation, and should he start a solo 401(k)? Jefe plans to withdraw from his retirement accounts beyond the top of the 24% tax bracket for the first few years of retirement. Is there any reason to put it in a brokerage account rather than converting it to Roth? The fellas also spitball on Roth conversion methods and strategies for Srinivas, Todd, and Debbie, and JZ in California, and they spitball on JZ in New York's “bucketing” strategy for early retirement withdrawals. Free financial resources and transcript: https://bit.ly/ymyw-488 YMYW Podcast Survey: Visit the show notes to access the survey and secret password DOWNLOAD: Money Makeover Guide - limited-time special offer! Download by Friday, August 2, 2024! WATCH: Complete Money Makeover - YMYW TV  REQUEST: Retirement Spitball Analysis SCHEDULE: Free Financial Assessment SUBSCRIBE: YMYW on YouTube DOWNLOAD: more free guides READ: financial blogs WATCH: educational videos SUBSCRIBE: YMYW Newsletter Timestamps: 00:00 - Intro 01:42 - Is This the Correct Way to Convert to Roth and Avoid IRS Penalty? (Srinivas, Chicago) 06:51 - Deposit Withdrawals Above Our Tax Bracket in Taxable Account or Do Roth Conversions? (Jefe, TX) 10:12 - Should I Change My Asset Allocation? Should I Start a Solo 401(k)? (Doug, Cave Creek, AZ) 16:22 - Should I Convert $1M IRA to Roth Up to 22% Tax Bracket? (Todd, Flagstaff, AZ) 19:39 - Market Timing Retirement Withdrawals and Roth Conversions (Robert, Southern Maine) 25:28 - My Son Says I Should Do Roth Conversions. Is He Right? (Debbie, Rural Wisconsin) 32:39 - Spitball on Our “Bucketing” Strategy for Early Retirement Withdrawals (JZ, upstate NY) 39:50 - Roll IRA to 401(k) for Backdoor Roth With No Additional Tax? (JZ, California) 43:04 - Hawk Tuah Spitball 45:39 - The Derails

Welcome to the Directed IRA Podcast! This is Matt Sorenson, joined by the insatiable Marc J. Koehler. In this episode, we dive into a hot topic: Solo 401(k) vs. SEP IRA. Are you self-employed and wondering which retirement plan suits you best? We break down the differences, benefits, and unique scenarios for both options.Join us as we explore:- The origins and benefits of the SEP IRA.- Why the Solo 401(k) is often considered the superior choice for self-employed individuals.- Strategies for maximizing your contributions and making the most out of these plans.- How to navigate the nuances if you have part-time employees or plan to hire soon.Whether you're a seasoned entrepreneur or just starting your self-employment journey, this episode is packed with valuable insights to help you make informed decisions about your retirement planning.Tune in and discover which plan could be the game-changer for your financial future!Learn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/Ask Mat: https://matsorensen.com/ask-matConnect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/TikTok: https://www.tiktok.com/@sorensenmat YouTube: https://www.youtube.com/@MatSorensenWebsites:https://directedira.comhttps://matsorensen.comhttps://kkoslawyers.comhttps://mainstreetbusiness.com...

LEAVE A REVIEW! If you enjoyed this episode, do us a favor and leave a rating and review right here on your podcasting app. It helps others find the show. **** In this episode of the 'Coaches, Consultants, and Money' podcast, hosts Erica and Ben Goode delve into key personal financial decisions surrounding early retirement. They cover the practicalities of planning for early retirement, including tax-efficient savings strategies, the implications of withdrawing from retirement accounts at different ages, and utilizing credit card points creatively for financial benefit. The episode concludes with tips for financial planning, including consulting with financial advisors, and encouragement for listeners to consider their unique financial situations and goals. 04:22 Exploring the Concept of Early Retirement 07:08 The Realities and Strategies of Planning for Retirement 12:35 Understanding Social Security and Retirement Savings 17:34 Navigating Early Withdrawals and the Rule of 55 19:38 Navigating the Rule of 55 with a Solo 401k Plan 24:10 The Concept of Bridge Years in Retirement Planning 28:18 Understanding Expenses and Savings for Early Retirement 37:54 Seeking Professional Financial Advice   Connect with Erica | LinkedIn | Website | Newsletter Connect with Ben | LinkedIn

Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/We explore the differences between Self-Directed IRAs and Solo 401ks to help you decide which is better for your investment needs. We delve into the specifics of Qualified Retirement Plans (QRPs), including their tax advantages and suitability for various types of investments such as real estate, venture capital, and cryptocurrencies. We also discuss capital raising, value-add strategies, and the importance of using the right financial tools for different stages of your investment journey. Join our host as he shares insights from a recent angel meeting, the pros and cons of different investment types, and a thought-provoking analogy for new investors. Guest expert Brett Snicky provides valuable tips on qualifying for Solo 401ks, prohibited transactions, and strategic planning for retirement investing. Whether you're a seasoned investor or just getting started, this episode offers essential guidance to optimize your retirement portfolio.39:34 Exploring Advanced Tax Strategies and Investment Vehicles42:32 The Bucket Theory Reimagined: Financial Planning Over Time Hosted on Acast. See acast.com/privacy for more information.

Real Estate Investing Abundance - Episode Highlights: Solo 401(k) Plans with Dmitriy FomichenkoMain Theme: Exploring the Advantages and Mechanics of Solo 401(k) Plans for Self-Employed IndividualsEpisode Overview:Host: Dr. Allen LomaxGuest Expert: Dmitriy FomichenkoFocus: Solo 401(k) Plans tailored for self-employed individuals and small business owners without full-time employees.Key Points Discussed:High Contribution Limits and Spousal Participation:Solo 401(k) plans allow for higher contribution limits compared to traditional 401(k) plans.Spouses can also participate, further increasing the potential contributions.Investment Flexibility:Unlike traditional 401(k) plans restricted to mutual funds and stocks by custodians like Vanguard and Fidelity, solo 401(k)s permit investments in alternative assets.Options include promissory notes and real estate.Transitioning to Traditional 401(k) Plans:Guidance on transitioning from a solo 401(k) to a traditional plan if the business grows to require full-time employees.Tax Benefits:Solo 401(k)s offer substantial tax sheltering, potentially lowering the investor's tax bracket.Rolling Over Retirement Funds:Flexibility to roll over funds from various retirement plans into a solo 401(k).Investment Restrictions:Adherence to IRS rules against investing in collectibles and transactions with disqualified persons.Importance of compliance likened to following traffic laws for safety.Checkbook Control:Concept of checkbook control, granting greater control and flexibility over retirement accounts without custodial intervention.Resources and Further Learning:Website and Social Media: Promoted as valuable resources for building significant retirement savings.Goals: Aim to help 10,000 people achieve seven-figure retirement accounts within the next 20 years.https://www.sensefinancial.com/ira-makeover/dmitriy@sensefinancial.comhttps://www.facebook.com/dfomichenkohttps://www.instagram.com/dmitriyfomichenko/https://www.linkedin.com/in/dfomichenko/https://twitter.com/dfomichenkohttps://www.youtube.com/@SensefinancialTune in to gain insights on optimizing your retirement savings with solo 401(k) plans, and discover the benefits of enhanced investment flexibility and significant tax advantages.

Are women better investors and financial planners? Today on Your Money, Your Wealth® podcast 483 with Joe Anderson, CFP® and Big Al Clopine, CPA, three different husbands want to retire, while their wives feel they need to work longer. Can Jack and Diane, Mark and Belle, and Mike and his wife hit the slopes now, or do they need to keep wearing their suits? Joe and Big Al spitball on who's right. Plus, should Ellie take her pension in a lump sum or in monthly annuity payments? The fellas also consider a solo 401(k) strategy for self-employed types from our buddy Will. Free financial resources and transcript: https://bit.ly/ymyw-483 Withdrawal Trap Doors: How to Avoid Them - Watch YMYW TV Withdrawal Strategy Guide - free download Subscribe to YMYW on YouTube - comments are now open! Ask Joe & Big Al On Air for a Retirement Spitball Analysis Schedule a Free Financial Assessment Timestamps: 00:00 - Intro 00:40 - Can We Retire Now or Do We Need to Wait a Few Years? (Jack & Diane, Houston - voice) 09:35 - How to Bridge the Gap in Early Retirement? (Mark & Belle, VA) 19:44 - Help Me Convince My Wife to Retire This Summer! (Michael, MN) 26:28 - Should I Take the Pension Lump Sum or Monthly Annuity Payments? (Ellie, PA) 31:52 - How's My Solo 401(k) Contribution Strategy? (Will) 36:51 - The Derails

Today we're diving into a topic that's crucial for self-employed individuals: investment account types. Whether you're a freelancer, consultant, or small business owner, understanding these options can be a game-changer for your financial future and retirement. So, let's get started.

On this episode of the Deal Farm®, Kevin and Ken speak with Parker Pursell from eQRP about the amazing strategy so many investors neglect to take advantage of - the self directed Solo 401k!  If you've got money sitting in a 401K chugging along on auto-pilot, you're going to want to tune in! The opportunity to take hands on control of these retirement dollars is unparalleled in the self directed retirement space.  - In fact, if you decide you want to explore the opportunity, just go to http://eqrp.com/red-barn-homebuyers/ and check it out!

On this episode of Adam Talks, IRA Financial's founder Adam Bergman shares how you can contribute over $90K to your Solo 401(k). Did you know this tip? 🤔

Are there ever times when going all Roth isn't the best strategy? How do you determine the break-even point on doing Roth conversions? That's today on Your Money, Your Wealth® podcast number 477, as Joe Anderson, CFP® and Big Al Clopine, CPA spitball on marginal vs. effective tax rates for Joseph Allen, saving to after-tax brokerage or pre-tax 403(b) for Gigi in Illinois, the arithmetic of Roth conversions for Carl Spackler in Florida, and the mega backdoor Roth for Jefe in Texas. For something completely different, we'll wrap it up with a discussion of tax forms that need to be filed for your solo 401(k) depending on the account balance, for Smitty in The Villages. Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-477 Timestamps: 00:44 - Marginal Vs. Effective Tax Rate: Going All Roth Isn't the Best Strategy? (Joseph Allen, Wichita, KS) 14:32 - Free retirement calculator EASIretirement.com 15:37 - I'm 43 and Will Have $2.4M in Retirement. Should I Save to After Tax Brokerage or Pre-Tax 403(b)? (Gigi, IL) 23:17 - Is There a Break-Even Calculation for Roth Conversions? (Carl Spackler, FL) 29:30 - Retirement Income Strategies Guide - free download How to Create a Steady Stream of Retirement Income - YMYW TV 30:38 - Mega Backdoor Roth: Must I Convert Traditional IRA When I Roll After-Tax Money? (Jefe, TX) 36:29 - Must I File Form 5500-EZ If Solo 401(k) Had No Balance at Year-End? (Smitty, The Villages) 42:18 - The Derails

Investing in real estate through Individual Retirement Accounts (IRAs) has become increasingly popular among savvy investors seeking to diversify their retirement portfolios. However, when it comes to financing these investments, traditional mortgages may not be an option due to IRS regulations. Non-recourse mortgages offer a potential solution, allowing investors to leverage their IRA or Solo401k funds Gary Mobbs​​​​SVP/AreanManager/IRA Loan Director SouthStar Bank. discusses this type of financing and how they help people through the process. You can reach Gary at gary.mobbs@southstarbank.com or 830-672- 1081 ext x1605 or peter@checkbookira.com and I'll put you in touch with Gary

Retirement planning has changed over the years, but has the industry evolved to keep up?  Your retirement needs are much different from those of your parents' generation. This is why it is important to focus on retirement planning in a holistic way rather than from solely a financial perspective.  Morningstar's Christine Benz joins me today on this episode of Retirement Answer Man. This seasoned retirement journalist shares her thoughts on the state of retirement planning, long-term care, investing in retirement, and what encompasses true retirement planning. Listen in to gain more perspective as you navigate your retirement journey. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT WITH CHRISTINE BENZ [4:55] The state of retirement planning as a process [18:30] The state of investments for retirement planning [22:16] The state of long-term care [25:26] How to begin to plan for retirement decumulation LISTENER QUESTIONS [30:45] About opening a Roth for a child [32:51] How to create a 5-year income floor with financial capital [37:11] On using bonds to fund the 5-year income floor [41:44] Should you keep investment accounts under the FDIC and SIPC limits? [46:30] Should I have a Simple IRA and Solo 401K? TODAY'S SMART SPRINT SEGMENT [50:00] Understand what this year's retirement contribution levels are Resources Mentioned In This Episode BOOK - More than Enough by Mike Piper BOOK - Die with Zero by Bill Perkins Morningstar Christine Benz The Longview Podcast Rock Retirement Club Roger's YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger's Retirement Learning Center  

In this episode, Adam Bergman informs viewers of how the government messed up and now allows you to get a $1,500 tax credit when opening a Solo 401(k). Learn how you can benefit today!

Join me as we explore some interesting topics during this month's office hours Q&A session. We discuss the state of real estate, taking into account a report from Blackstone, where it revealed $200 billion of undeployed capital waiting for investment opportunities, marking a potential recovery in the real estate market. We also address the method of zigging when everyone else zags, the approach taken by contrarian or sophisticated investors. Other points explored include China's property slump, long-term population growth trends, and the value of investing in basic necessities. We also discuss investment strategies that revolve around real estate recovery, capital markets, tenant risks, commercial assets, and more. Lastly, we delve into a Q&A session discussing complexities of tax planning, retirement accounts, and overseas workers in CPA firms. Watch to understand more on income fund introduction and its benefit.00:02 Introduction and Overview00:07 Current State of Real Estate Market01:30 Comparing Real Estate Trends in Different Countries02:42 Transitioning from Small Deals to Institutional Investments03:52 Upcoming Market Update and Office Hours Announcement04:23 Introduction to the Income Fund04:31 Challenges in the Current Real Estate Market06:50 Shift in Investment Strategy08:07 The Impact of Institutionalization on Rental Property Ownership09:52 Introduction to the Steady Eddy Income Fund11:06 Diversification in Investment Strategies12:57 Approaching Taxes in Investment Strategies21:55 Exploring Other Investment Opportunities23:56 Understanding Self-Directed IRAs and Solo 401ks25:43 The Challenges of Self-Directed IRAs25:58 The Benefits of 401k Investments26:16 Understanding Solo 401k Providers26:39 The Importance of Business in Solo 401ks27:04 Investment Strategies for Different Net Worths28:00 The Concept of Legacy Money28:50 The Dilemma of Retirement Plans29:28 The Reality of Saving and Investing30:36 Strategies for High Net Worth Individuals31:05 The Importance of Concentrated Returns31:55 The Chessboard Analogy for Investment33:24 The Evolution of Personal Investment Strategies39:55 The Role of Connections in Wealth Building44:10 The Impact of AI on the CPA World46:58 The Advantages of Investing Through a Fund50:19 Current Market Cycle and Investment Opportunities Hosted on Acast. See acast.com/privacy for more information.

Episode 92: Today, we're talking about Founder personal finance. My buddy Ankur Nagpal is the Founder & CEO of Carry, a business that helps business owners build wealth in a number of ways, most notably with their Solo401k product. And he is probably the smartest person i know as it relates to tax strategies and wealth preservation tactics for entrepreneurs. So on this episode of the pod, Ankur runs through everything from the QBI deduction for business owners to what business type (like llc, c-corp or s-corp) is most advantageous, deducting your home office, the power of a solo401k and more. Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com #FoundersJournal #Startups #Entrepreneur Listen to Founder's Journal  here: https://link.chtbl.com/OV4W93_W Watch Founder's Journal here: https://www.youtube.com/@FoundersJournal/  Subscribe to Morning Brew! Sign up for free today:  https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

It's that time of year again. How do you determine the fair market value of a multifamily real estate investment as required for your SD-IRA or Solo 401K account? Join Pat as he walks you through the Mara Poling FMV process.If you have questions about this week's episode or would like to learn more about investing using your retirement accounts, email Pat at Pat@MaraPoling.com

Episode 81: Alex (@businessbarista) is talking about things you'd do differently as a second time founder. My buddy Ankur Nagpal is the Founder & CEO of Carry, a business that helps business owners build wealth in a number of ways, most notably with their Solo401k product. Prior to Carry, Ankur was the Founder & CEO of Teachable, a teaching platform for creators, which sold to Brazilian education company Hotmart for $250 million. On this episode, Ankur talks through all of the ways he's approaching the second-time founder seat differently than the first. I think this episode is valuable for any entrepreneur, but if you're a first time founder make sure to pay close attention because with Ankur's advice you may be able to avoid some painful mistakes ahead. Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com #FoundersJournal #Startups #Entrepreneur Listen to Founder's Journal here: https://link.chtbl.com/OV4W93_W Watch Founder's Journal here: https://www.youtube.com/@FoundersJournal/  Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

Mat and our Executive Director Nate discuss the intricacies of Roth conversions and contributions, addressing questions related to traditional IRA to Roth IRA conversions, the nuances of the five-year rule, considerations for investment opportunities, and rules governing multi-member IRA LLCs. They delve into scenarios where IRA contributions aren't tax-deductible due to high income and touch upon backdoor Roth IRA strategies.Learn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/ Connect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/Twitter: https://twitter.com/matsorensen YouTube: https://www.youtube.com/@MatSorensen

In this webinar, Mat Sorensen, CEO, and Aaron Halderman, COO of Directed IRA discuss everything you need to know about Solo 401(k)s We cover the following topics:-New Roth Rules for 2023 and Beyond-Contributing 10 times more annually than an IRA-Understanding the necessity of an LLC for a Solo 401(k)-Qualification criteria-Avoiding common mistakes-Exploring the increased contribution limits for 2023 ($66k) and 2024Learn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/ Connect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/Twitter: https://twitter.com/matsorensen YouTube: https://www.youtube.com/@MatSorensen

For medical professionals navigating the intricacies of finance and retirement planning, understanding the distinctions between retirement account options is crucial. Two popular choices, the Sep IRA and the Solo 401K, present distinctive benefits and considerations. Here, we break down the key elements of each, shedding light on their respective advantages and limitations.

In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen delve deep into the intricacies of the Solo 401K retirement account. Here are some of the key points they discussed:An explanation of the Solo 401K, its appeal for self-employed individuals, and the role it plays in wealth-building.Discussion on the contribution limits of Solo 401K, the difference between traditional and Roth dollars, and how to make the most of these contributions.The significance of self-directing in a Solo 401K, the flexibility it offers, and the potential for diversifying investments beyond traditional stocks and bonds.Clarification on the types of businesses or employment scenarios that qualify for the Solo 401K, and nuances around part-time employees and rental income.Real-world examples of how Solo 401K can be leveraged for maximum benefit, including the strategy of "rolling over" funds from traditional IRAs or old employer 401Ks and the option of loaning oneself money from the account.This episode is a must-listen for anyone self-employed or with a side hustle, looking to understand and maximize their retirement savings.All Business. No Boundaries.Welcome to All Business. No Boundaries, a collection of supply chain stories by DHL...Listen on: Apple Podcasts SpotifyTAX AND LEGAL 360Secure your tickets to my most significant tax & legal event of the year!The Ultimate Tax and Legal Conference Phoenix, AZ - Nov 30 thru Dec 2CPAs, Attorneys, Business Owners, AND Entrepreneurs! You don't want to miss this event!CLICK HERE TO GET YOUR TICKETS! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

This episode is from one of my coaching calls. If you are interested in financial coaching services please visit my website: https://www.onroutefinancial.com/In this episode, I coach on the benefits of the solo 401k and provide insights on leveraging this powerful retirement vehicle.We also talk about making monthly contributions and taking advantage of tax regrowth. I coach on strategies that allow you to systematically build your retirement savings while benefiting from potential tax advantages.I also coach on the importance of setting both long-term and short-term financial goals. Whether it's planning for retirement, funding education, or saving for a dream vacation, it's important to know where your money is going.We talk aboutSolo 401ksOptimal strategies for saving for a down paymentLong term and short term financial goalsReal estate investmentsTax regrowthFollow me on Instagram: https://www.instagram.com/kristy_runzer/

In this episode, we delve into the Solo 401K retirement plans, shedding light on crucial eligibility criteria and often overlooked deadlines. Join us as we demystify the world of Solo 401Ks, discussing who qualifies for this powerful retirement savings option, the commonly missed deadlines that can impact S-Corp owners, and the situations in which a Solo 401K might not be the best choice.  Episode Highlights: Who is eligible for Solo 401K? The deadline that many S-Corp owners miss! Who should NOT use a Solo 401K! LINKS: Profit & Loss Template Save Taxes: Free Consultation Follow me: https://www.instagram.com/thepatdarby

In this episode, we break down the deadlines and strategies for contributing to your Solo 401(k) plan. If you're an S Corporation owner or a sole proprietor, this information is crucial. Discover how to reduce your taxable income, set up your Solo 401(k) plan, and start building your retirement nest egg. Don't miss out on these valuable tips and strategies to secure your financial future. AND DONT FORGET, SEPTEMBER 15th IS THE LAST DAY TO CONTRIBUTE!----Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding what type of account is best for you. https://directedira.com/appointment----To submit your questions, listen, search for prior episodes, or sign up for their Weekly Free Newsletter, visit https://directedira.com/podcastLearn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/ ----Connect with Mat online:- Instagram: https://www.instagram.com/matsorensen/- Facebook: https://www.facebook.com/mat.sorensen.1- LinkedIn: https://www.linkedin.com/in/matsorensen/- Twitter: https://twitter.com/matsorensen - YouTube: https://www.youtube.com/@MatSorensen

In this episode, Dr. Peter Kim explores how you can leverage your retirement accounts to invest in real estate. He discusses the power of compounding, the different retirement accounts, and some personal applications you can follow.   Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD. THANK YOU TO MLG CAPITAL FOR YOUR SPONSORSHIP OF THIS EPISODE... For 35 years, MLG Capital has excelled in intelligent real estate investments and building investor relationships. Their funds prioritize diversification, cash flow, and low leverage, offering a robust hedge against inflation. Ideal for medical professionals and other accredited investors seeking stability amid market volatility. Making smart, relationship-driven investments. Learn more at passiveincomemd.com/mlg

Have you thought about what you'd like to do in retirement? Whatever it is you're planning will require healthy retirement savings.  As a solopreneur, you are responsible for setting up your own retirement nest egg, but the options can seem a bit confusing.  On this episode of Solopreneur Money, we'll review the various types of retirement funds, their limitations, and their benefits, and discuss how you can get a jump start on saving for retirement. You will want to hear this episode if you are interested in... How to reduce your tax bill [3:12] The SEP IRA [9:25] A Simple IRA 10:00 The Solo 401K [11:42] The Roth Solo 401k [14:12] A defined benefit plan [15:20] Your call to action [19:35] Connect With Gabe Nelson BOOK – The Solopreneur's Money Manifesto by Gabe Nelson www.GabeNelsonFinancial.com/contact FREE Downloadable Resources at https://www.gabenelsonfinancial.com/resources/ EMAIL: Gabe (at) GabeNelsonFinancial.com Follow Gabe on LinkedIn Follow Gabe on Twitter: @GabeNelsonCFP Follow Gabe on Facebook Follow Gabe on Instagram: @GabeNelsonCFP Subscribe to Solopreneur Money Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com

In this episode,  we delve into the significance of hiring your first employee and its impact on your retirement plan. We discuss the benefits and features of a Solo 401K. Additionally, we address the question of when it may become necessary to shut down your Solo 401K. Furthermore, we examine the tax savings associated with a 401K plan for employees, highlighting the potential tax deductions and deferrals that can be obtained, providing valuable insights for entrepreneurs navigating retirement planning while expanding their workforce. Episode Highlights: What is a Solo 401K? When do you need to shut down your Solo 401K? What tax savings can you get for a 401K plan for employees? Links: Profit & Loss Template Save Taxes: Free Consultation  Follow me: https://www.instagram.com/thepatdarby #retirement #tax #savings

Values-based investing, supporting local economies, supporting social change. What if you could literally invest your money where your life and your values are? Longtime activist and visionary, Michael H. Shuman, has made a career of applying his economics and law training to enable that very thing. Seeing local economies as a vehicle for global change, Michael schools us in strategies to fund local initiatives. In fact, this conversation is a crash course in local investment, crowdfunding, values-based investing, and investment vehicles including Solo 401K's and Self-directed IRAs. Don't be fooled, all this financial talk is anything but dry. Michael provides us the keys to the kingdom. He shows us ways we can redirect our wealth to things that matter and create impact as well as return on investment. Resources and more at https://www.sustainabilitynow.global/2023/05/30/put-your-money-where-your-life-is-with-michael-h-shuman/

What Retirement Plan Options Are Available For My Business in 2023? In this episode of the Small Business Tax Savings Podcast, Mike interviews Matt Ruttenberg from Life Inc. Retirement Services about retirement plan options available for small businesses in 2023.Matt dives into the different types of retirement plans available for business owners, including traditional IRAs, ROTH IRAs, SEP IRAs, Solo 401Ks, Simple IRAs, and the new Starter 401K coming out in 2014. Tune in now as Matt discusses the importance of saving money on taxes and creating a secure future for themselves and their employees![00:30] Retirement Plan Options For Small Business OwnersToday's episode is all about retirement plan options that are available for your business in 2023Mike interviews Matt Rutenberg, the CMO at Life, Inc. Retirement Services[09:00] Maximize Retirement Savings with SEP IRA, Solo 401K, and Simple IRA OptionsThe goal of a retirement plan is to save money on taxes or recruit/retrain employeesTraditional IRA and ROTH IRA available for personal retirement savingsSEP IRA option for solo business owners with employer contributions up to $66, 000He hints that ROTH contributions may be allowed into SEP IRAs[12:30] Exploring Retirement Options For Business OwnersSEP IRA has a maximum contribution of $25, 000Solo 401K is a better option as it allows for an additional employee contribution of $22, 500 in 2023Traditional IRA and ROTH IRA are the two main retirement options for solo business owners with no outside employeesPayroll-directed IRA is available for business owners with outside employees or non-owner, non-family members      [19: 00] Closing SegmentMatt offers his advice on the importance of saving money on taxes and creating a secure future for themselves and their employees!Final WordsConnect with Matt!Website: Life Inc.LinkedIn: Matt RuttenbergTwitter:  @Matt_RuttenbergInstagram: @Matt_RuttenbergFacebook: Life Inc. RetirementKey Quotes“If you're trying to segment out certain employees or yourself, you might have to go towards a non-qualified plan because if you have a qualified plan like a 401k, Simple, there's rules and fairness… If you are non-qualified, it removes all those fairness rules, and then you can start targeting certain individuals and so on and so forth.” – Matt Ruttenberg--------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

You're about to discover what most people will never know about how to use 401k retirement money to invest in commercial real estate. You'll learn a technique that doesn't involve self directed IRAs or Solo 401Ks or any other creative retirement plans nor will your retirement account own the property. You will own it and you can use whatever pre-tax 401K or other retirement savings you currently have. Once you hear how this is done, you'll kick yourself that you hadn't used this technique a long time ago! 

SECURE Act 2.0 created new retirement and savings opportunities that were not part of the original SECURE Act. Notably, it gives business owners the ability to be more strategic when choosing what kind of tax-deferred plan is best for them based on their personal and business circumstances. And it also gave them more options for employees. So why should business owners be thinking about meaningful and inspired ways to retain employees and focus on overall employee well-being?  In this episode of Off the Wall, host Jessica Gibbs, CFP® speaks with Emily Harper, CFP®, Vice President and Partner at Monument Wealth Management. Emily breaks down what business owners need to know about the SECURE Act 2.0, the types of retirement plans that are not available, and the deadlines that have changed. She also explains the factors to consider when choosing between a Solo 401K and a SEP IRA, and highlights opportunities employers now have to support employees, including through matching contributions to Roth retirement plans and matching amounts an employee paid toward student loan debt.  Then Caroline Clark, a Human Resources Business Partner at Capital One, joins the episode to discuss the significance of creating a meaningful benefits package that meets employees' needs and is easy to access and use. Caroline shares trends in company benefits, and tips for business owners who want to create a benefits package but aren't sure where to start.  Caroline and Emily also delve into the philosophy of “Stakeholder Theory”—which stresses the interconnected relationships between a business and its customers, employees, communities, and others who have a stake in an organization, including the business owner—and its value in creating positive, far-reaching effects.  “If you take care of the associate, the associate will take care of the customer, and the customer will keep coming back.” – Caroline Clark  Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.    Episode Timeline/Key Highlights:  [02:08] Retirement savings enhancements for business owners under SECURE Act 2.0 [04:34] Factors to consider when choosing between a Solo 401K and a SEP IRA[08:45] Expanded Roth savings opportunities  [12:39] The importance of considering employee well-being and how SECURE Act 2.0 can help [15:55] Current trends in employee benefit offerings [20:32] The importance of collecting feedback from employees to create successful benefits packages [22:30] How to create meaningful benefits packages [23:29] Ensuring ease of access to benefits for maximum employee value [26:50] How employers can reconcile which benefits they can realistically provide with their desired offerings [28:25] An explanation of Stakeholder Theory and how it generates values for the business, the employee and the customer [32:26] Final advice for business owners on balancing personal priorities with business needs   About Caroline Clark:  Caroline Clark is a Senior Manager, Human Resources Business Partner at Capital One where she works with leaders in US Card. Caroline has spent her career working across a variety of industries solving business problems through human solutions. Previously, Caroline led talent strategy and acquisition at the American Bankers Association and Marriott International. Caroline received her MBA from The University of Virginia, Darden School of Business where she served as the President of the Network of Executive Women and was recognized with the C. Stewart Sheppard Distinguished Service award. You can find her taking walks or catching the latest Formula 1 race on the weekends with her husband, Matt, son, Luke, and Spanish Water Dog, Cooper. Connect with Caroline on LinkedIn : https://www.linkedin.com/in/carolinekclark/  Resources Mentioned:  Gallup Employee Wellbeing: https://www.gallup.com/workplace/215924/well-being.aspx  Education Data Initiative: https://educationdata.org/student-loan-debt-statistics  Stakeholder Theory & R. Edward Freeman: https://www.darden.virginia.edu/faculty-research/directory/r-edward-freeman  Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite  Follow us on Instagram: https://bit.ly/MonumentWealthIG  Follow us on Twitter: https://bit.ly/MonumentWealthTW  Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI  Connect with us on Facebook: https://bit.ly/MonumentWealthFB  About “Off the Wall”: OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.  Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.  Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.     

One of the biggest misunderstood strategies for investing is investing with a Self-Directed IRA. In the United States, taxes are one of the biggest things business owners and entrepreneurs try to avoid at all cost. So how can you be smart, and invest legally but avoid taxes?   On the episode we bring on John Bowens from Equity Trust Company to give us the breakdown of what Self-Directed IRA's are and how powerful they can be to an investor. We also go over Traditional IRA's, Roth IRA's, Solo 401k's and other types of investing accounts.   0:00 Introduction 0:27 Introducing John Bowens from Equity Trust Company 3:24 The Bottom Line Up Front - Investing in alternative assets 6:49 Why Tim invests in other people's deals 8:55 Investing passively in real estate 11:28 What can you use a Self-Directed IRA to invest in? 15:24 Investing with Self-Directed IRA to save on taxes 18:23 The different Self-Directed IRA types 25:25 What is a Traditional IRA? 26:45 What is a Roth IRA? 28:31 What is a Solo 401k? 31:06 What is an HSA? 35:07 Setting up investment accounts as an employer  38:09 How to connect with John and Equity Trust Company

Let's explore some of the differences between Solo 401k and SEP IRA plans so you can decide which is right for your business. Plus, I'm going to show you some little-known facts that the IRS doesn't tell you about the Solo 401k plan. In this episode, you will discover… What is a better option – SEP IRA or Solo 401k? When to use them? ( w/ detailed example) Who is eligible for Solo 401k? Resources Mentioned: Contact Dave for a free 30mins strategy session: ‪(612) 284-2409 dave@doctorfreedompodcast.com For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more--------more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm's views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.  

In this episode, Mat and Mark discuss the differences between Solo 401Ks and SEP IRAs; they explain which plan is right for YOU! Article on Solo 401Ks:2022 Solo 401(k) Contribution Deadlines: Rules, Steps, and StrategiesSEP IRA can now be ROTH: EP.82 Huge Change to IRA's and 401K's – New Laws in Affect

Have you ever heard of a solo 401k? When does it make sense to use one? Are there any times when you shouldn't use it? Chris Miles welcomes this episode's guest to help us strategize where you can place your money. Today, Daniel Blue, Owner of Quest Education, reveals the good, the bad, and the ugly about how solo 401ks work. Daniel also taps into the myths people have about 401k. Learn more now!

What is your retirement age ? What are the vehicles you'd like to utilize to ensure that you can spend your latter years in dignity , freedom , and thanking your younger self ? Entrepreneurs and Employees need to know how to properly take QUANTUM LEAPS forward in their retirement plans ! This episode of the Melanin Money Show is for everyone ! We're going to unpack the potency and facts behind : - Self Directed IRA's : how to max them out for your benefit . - The Truth About 401K's : what your employer may not know about what the market is doing to your investment . - Buying Real Estate In Your IRA: potential five figure gains over time you can prepare for by utilizing this properly . - The Solo 401K : how to maximize this instrument as an entrepreneur . And so much more ! Ask your money questions here : https://www.videoask.com/fjp1gzv8y Join the Melanin Money Experience today : https://melaninmoney.com/join/ Get unlimited access to all of our Masterclasses here : https://melaninmoney.com/financialflix/ Need a financial check up? Get your WEALTH HEALTH SCORE today : https://www.mywealthhealthscore.com Take your financial advisor wherever you go with POCKET ADVISOR: https://melaninmoney.com/pocketadvisor/ Follow the Melanin Money brand on Instagram https://www.instagram.com/_melaninmoney_/ - Connect with George on Instagram https://www.instagram.com/georgeacheampongjr/ - Connect with Jacqueline on Instagram  https://www.instagram.com/jacquelineplans/ - Connect with Carter on Instagram https://www.instagram.com/cofield_advisor/  

Ever wonder how you can start investing your money? Where you should put it or what kind investments make sense for you? We are so excited to talk about investment planning with our special guest and Certified Financial Advisor Brett Fellows. IRA, and Solo 401K are the two we discuss, but what about knowing how much to invest? Brett shares how to get started and even how the smallest amount can pay off big time down the line. Tune in. Sponsored by Oligo Professionnel

We discuss with Sean Mullaney The Seven Rules of the Road for Tax Advantaged accounts. He discusses these and more in his new book Solo 401K.  Find out how we maximize your tax deductions, defer paying taxes for the long term, and plan for future withdrawals and even RMDs. 

In this weeks open forum episode, Mat and Mark break down a myriad of  covering topics from, how to get a solo 401k, tax strategies, and MORE! Don't miss this weeks episode of the Main Street Business Podcast. To submit a question for the next open forum show, or to learn more, visit https://mainstreetbusiness.com/ 

Are there any holes in a 5-year plan to retire from the Air Force, buy a house and a plane, and become a commercial pilot? Can you claim an unpaid loan to a start-up as a tax loss, do a Roth conversion, and pay no tax? Are Roth conversions a good idea in a low-earnings year? Does it matter if you convert to Roth before or after changing custodians? What retirement savings options do independent contractors have besides the Solo 401(k)? Does it make sense to cash out a 529 college savings plan that's losing money? Plus, Joe and Big Al spitball a real estate strategy, and they discuss a state retirement account held at an insurance company. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-400

The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. About Sean Mullaney Sean Mullaney is a financial planner and the President of Mullaney Financial & Tax, Inc., which... READ MORE The post All About Solo 401k | Sean Mullaney appeared first on .