Don’t miss this third in a series of articles on retirement plans for small business owners. In this issue I’ll explain why the SIMPLE-IRA may be the best retirement plan for the business owner with a modest income. As you’d expect from its name, the SIMPLE-IRA is easy to understand and implement. To find out more, take a look at my latest article titled Tax Tips: Best … [Read more...]
Retirement
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How your Roth IRA can own a tax-advantaged DISC
The Domestic International Sales Corporation (or DISC) was created by the U.S. Congress to encourage the export of U.S.-made goods through the tax law. Shareholders of a DISC receive reduced income tax rates on qualifying income from such exports. One of the nice features of a Roth IRA is that it can have an interest in a DISC and, as a result, reap some substantial … [Read more...]
Is a SEP right for you?
In Part 2 of our discussion of the best small-business retirement plans, we take a close look at the Simplified Employee Pension (SEP) option. It’s the defined contribution plan that’s the easiest to live with. But will a SEP meet your specific needs? You’ll find out when you check out my latest article titled Tax Tips: The Best Small-Business Retirement Plans: Part 2, the … [Read more...]
Which retirement plan is right for you?
Don’t miss this first in a series of articles on retirement plans for small business owners. Regardless of the kind of business entity you’ve chosen, (proprietorship, LLC, S corporation, or C corporation), you need to read this important new issue titled Tax Tips: The Best Small-Business Retirement Plans: Part 1. Three ways our fact-filled article can help you: We’ll … [Read more...]
How to protect your Social Security benefits
You might think that collecting your Social Security benefits is a no-brainer. But you couldn’t be more mistaken. The truth is, you have to carefully plan your benefit collections or lose a huge chunk of money in taxes. Want to learn how to safe-guard your Social Security benefits from taxes and recapture? Read this important new article called Tax Tips to Save Your Social … [Read more...]