Timothy Sumer

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...

WHEN TO USE A TRADITIONAL IRA When should you use a traditional IRA? A Traditional IRA is more appropriate for people who will be in a zero or very low tax bracket when they retire. They get the benefit of the tax deduction upon contribution and no taxes upon withdrawal. If you do not foresee the need to draw on your IRA in retirement then you will also want to fund a Roth IRA. SUBSCRIBE - II FINANCIAL PLANT II... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to retirement planning , a traditional individual retirement account (IRA) is one of the most popular options. A traditional IRA is an account that allows you to save for retirement on a tax-deferred basis. This means that you don’t have to pay taxes on the money you contribute to the account until you withdraw it in retirement. A traditional IRA can be a goo...