SOLO 401(k) https://youtu.be/fI8J_sgZYGc A solo-401(k) can be used by self-employed individuals or business owners with no full-time employees except for a spouse. One unique feature of a solo 401(k) is that it allows you to save as both employer and employee, allowing you to possibly save even more than you would be able to save
Financial Good Fortune Takes MORE THAN JUST LUCK With St. Patrick’s Day right around the corner, you are likely to hear about “the luck of the Irish”. This phrase was coined during the gold and silver rush of the 19th century, when many successful miners were of Irish American descent. Unfortunately, whether you are Irish
SEP IRA (SIMPLIFIED EMPLOYEE PENSION) Today we are talking about the SEP IRA, which stands for (Simplified Employee Pension). As a reminder, and IRA stands for an Individual Retirement Account. A SEP IRA can be used by self-employed individuals and small business owners who would like to contribute more than the Traditional and Roth IRA
ROTH IRA (INDIVIDUAL RETIREMENT ACCOUNT) Today we are going to talk about Roth IRAs. If you remember from last week, an IRA stands for Individual Retirement Account, and you can open an IRA at a bank or financial institution. When you make contributions to a Roth IRA, you are contributing with after tax money, and
TRADITIONAL IRA The Traditional IRA. An IRA stands for an Individual Retirement account. You can open an IRA at a bank or financial institution. When you contribute to a Traditional IRA, you have the potential to lower your taxable income, in turn reducing your tax bill. So, if you owe taxes at tax time, and
Saving Automatically You may or may not know that February 24-29th is America Saves Week. America Saves Week began in 2007, and it’s an annual call to action to encourage Americans to commit to saving successfully. Each day of the week has a different theme, such as: saving automatically, saving with a plan, saving to
Websites to Help you Save Money on Travel I’m excited to share this list of websites with you! These are some of the best ones I’ve found to help you compare prices on airfare, lodging, car rentals, and other travel needs! This way, you can spend a little extra on activities during your trip, or
How to Make Money WHILE you Travel Have you ever dreamed of living on the road, in the air, on water, or all-of the above? Many of us have dreamed of becoming jet setters but wonder how to make a living without staying put! Well, here are some ways to travel the world WHILE making
How to Save Money for Travel According to NationalDebtRelief.com, the average American consumer racks up over $1,000 in additional debt after a typical summer vacation. I don’t want that to happen to you, so here are 6 ways to save for vacation! 1. Create a Travel Account: This is a separate bank account designated
SAVING UP FOR COLLEGE: What You Need to Know about a 529 Plan It’s no secret that college is expensive. With student loan debt exceeding $1.5 trillion and the university price tag rising 8 times as fast as wages, there’s a lot to worry about in giving your kids (or yourself!) the best possible future.
