The Oldest and Most Trusted Real Estate News Magazine

Reduce Your Taxes by $10,000 with a Solo 401(k)

Reduce Your Taxes by $10,000 with a Solo 401(k)If you’re self-employed or have a small business, the idea of a 401(k) may make you jump to two conclusions: “My company is too small” or “I can’t afford it.”  Well, you’re not too small and you can afford it!

A Solo 401(k) is inexpensive to set up and easy to maintain – and it delivers substantial tax and saving advantages.  Use a Solo 401(k) plan if you’re self-employed or run an owner-only business.  You could add multiple owners and a spouse to a Solo 401(k) plan, but if you add full-time employees you’ll need to convert it to a more traditional IRA  plan.


Read the rest of Reduce Your Taxes by $10,000 with a Solo 401(k) »

For more articles like this, please visit our Real Estate Investing Blog.


© 2013 by Marco Santarelli and Norada Real Estate Investments.
Your Premier Source for Turnkey Investment Property.

Tags: , , , , , ,

Sitemap Madbadcat Graphics