If you are eligible to but are not taking advantage of itemized deductions on your tax return, then you could be missing out on thousands of dollars in tax savings. Many people do itemize but are capped because they make too much money. And if you’re in this camp, maybe you’re wondering what you can […]
The Ultimate Tax Shelter Read More »
As a small business owner, perhaps you’ve been contemplating the best type of retirement plan to implement at your company. When looking to set up a company retirement plan for the first time, the amount of choices can completely overwhelm you. In fact, there are over 20 different types of plans that you could potentially
Simple IRA vs 401k – Which Should A Company Implement? Read More »
If you can relate to any of the following scenarios then this blog post is for you: You are a one (or multiple) owner company with no employees. You are a husband and wife owned company with no employees. You are a 1099 contractor with no employees. Over the past few weeks I have been
SEP IRA vs Solo 401k Read More »
As a business owner you have a tremendous opportunity that your employees do not have. You have the ability to set up a 401k plan. Employees don’t have a say in what type of retirement plan, if any, their company offers. But for you, as a small business owner, you get to choose whether or not
4 Secret Benefits of Setting Up a 401k Read More »
401k plans are a great tool for small business owners to achieve their retirement goals. But let’s not put the cart before the horse. The first question to ask is: SHOULD YOU EVEN SET UP A SMALL BUSINESS 401K? The answer to this question is “it depends”. Every small business owner has different goals. Maybe
Should You Set Up A Small Business 401k? Read More »
B.E.S.T. Wealth Management, LLC was founded on the principle that everybody deserves financial planning advice and help with investing money.
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