Timothy Sumer

Traditional IRA Tax Deduction - Pay Less Taxes & Save Money Your traditional IRA contributions may be tax-deductible. The deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels. For 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $6,000 ($7,000 if you're age 50 or older) Start your Traditional IRA with WeBull or M1Finance! 🤑 Get FREE stocks from WeBull when you open and fund a brokerage account with this link - 👏 M1 Finance for investing - $10,000 Self-Employed and Small Business Grant! How to Apply for the EIDL Video - If you are a Self-Employed / Sole-Proprietor you might qualify for small business grants and small business loans. Yes, Uber Drivers, Fiverr Freelancers, and other gig-economy workers might be eligible for the EIDL for example. Grants, Loans, and Rental Assi...

Pay Yourself First Roth IRA Self-Employed TaskRabbit Tasker 2022 🤑 'TaskRabbit Money Maker' Course - 🤑 Start Your Roth IRA with M1 Finance and get FREE Money using this link - If you are self-employed you don't have any matching 401k to benefit from. Instead, you need to make sure you pay yourself first. What I mean is, regardless of how much or little you make, you should always try to at least save some of your hard-earned money for your future self. Generally, this means contributing a percentage or amount of your monthly earnings into an emergency savings account or a retirement account such as a Roth IRA or a Traditional IRA. In this video, I jump into my Roth IRA and show you how I am contributing to my Roth IRA account each month and paying myself first. Since I am self-employed, I make money from gig apps such as TaskRabbit, Fiverr, my general labor business, and my consulting business, so my cash flow isn't consistent...