Timothy Sumer

///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

Should You Hire Your Spouse Inside Your LLC or S-Corp? Taking the Next Step: 📞 Book a Professional Tax Strategy Consultation: 🤑 Watch this FREE Training to Learn How to Save on Taxes, Legally: Learn How to Grow Your OWN Rental Portfolio & Reduce Taxes Legally! My Tax Strategy Programs: Tax Free Living Bundle (47% off): 🏡  Buy Tax Alchemy Rental Loss Program Now: Book a Discovery Call to Learn More About Tax Alchemy: Check out these links Below! Get Help Setting up Your LLC: Learn How to Self Direct Your IRA or 401k: *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you. #taxes #taxfreeliving #taxexpert #taxreduction #llc #taxes #taxfreeliving #taxexpert #taxreduction Recommended Video For You If you own a LLC or S Corp and married

How to fund your retirement and lower your taxes at the same time using a SEP-IRA on a Schedule C. Purchase Iraqi Dinars: The US Gov has over $30 Billion IQD IRS.gov This video is for one-person startups with a link explaining employee SEP-IRAs. Contributions an employer can make to an employee's SEP-IRA cannot exceed the lesser of:25% of the employee's compensation, or $57,000 for 2020 ($56,000 for 2019) BUY IRAQI DINARS ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As entrepreneurs and self-employed individuals, it can be challenging to balance our earnings, business expenses, and retirement savings. However, using a Schedule C can help lower your taxes and fund your retirement simultaneously. Schedule C is a tax form used to report the income and expenses of a sole proprietorship or a business operated by an individ

How to calculate SELF EMPLOYMENT TAX deduction for retirement plans. This calculation is for SEP IRA and SOLO 401k profit-sharing contributions. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime

Harvard Law Attorney George Blower leads an in-depth discussion of the 2022 and 2023 Mega Backdoor Roth Solo 401k Self-Directed Solo 401k Contribution Limits & Types for self-employed businesses taxed as Sole Proprietors, 1099-NEC/MISC Independent Contractors, Single Member LLCs including Secure Act 2.0 Update! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $61,000 (or even $66,500 if you are 50 or older) for 2022 (for 2023: $66k or $73.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alterna

Today on Your Money, Your Wealth® podcast 400 with Joe Anderson, CFP®, and Big Al Clopine, CPA, 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: 00:00 - Intro 01:00 - 5-Year Plan on Track to Retire From the Air Force and Become a Commercial Pilot? (Mike, Germany) 08:15 - Claim an Unpaid Loan as a Tax Loss, Do

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 from month to month.