Search results “Self employed penion plans”
Self Employed Retirement Plans - Best Self Employed Retirement Plans
What are self employed retirement plans – What is a self employed retirement plan? 1-800-566-1002 http://www.RetireSharp.com. What are the best types of self employed retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up a self employed retirement plan. Benefits You Can Avail From Self Employed Retirement Plans Over the past few years, many companies all over the world have shed millions of jobs, affecting the economy. Others opted for self employment since the competition for landing a job has become tougher. In addition to that, self employed retirement plans has also started to become a trend for many individuals. One of the benefits of self employment is that you are your own boss and there are no subordinates to pull you down. You earn exactly what you worked for without the hassle of being under someone else. One of the most common self employed retirement plans include solo 401k plans. It is the newest among the most commonly used retirement funds. If you are under the age of 50, the contribution limit is $16,500 and $22,000 for those aged 50 or over. The tax benefits are better compared to SEP because the contributions that you will make are not restricted to a certain percentage of your pay. Another great deal with 401(k) plans is that you can contribute 20% of your earnings as an additional contribution. Another option for retirement funds is the simple IRA retirement plan. IRA stands for individual retirement account. $5,000 is the maximum contribution for those aged under 50, and $6,000 for those aged 50 and over. It is best that neither you nor your spouse (if you have one) is covered by another retirement fund such as 401(k) to avoid limitations in tax deductions and other conflicting issues. SEP IRA plans or simplified employee pension IRA is an upgraded version of the simple IRA, where you can contribute from 20 percent of your net earnings up to a maximum of $49,000. Nowadays, the SEP IRA is the most common type of retirement plan being used by self employed individuals. This type of plan does not require a mandatory contribution. For one year, you may choose to contribute the full amount or half or any desired amount for the succeeding year. One of the benefits of using the SEP IRA is that it is very easy to create an account and maintain it. The deadline for funding your account is the same as the deadline for filing your income tax returns which makes it convenient for all users. A disadvantage for this though is that loans are not permitted. With the Roth IRA retirement plan, there is no income tax deduction and the growth of your investment is tax free. It is the exact opposite of a traditional IRA plan where contributions have an income tax deduction and the money you take out in retirement is taxed. Other self employed retirement plans that are more expensive and difficult to maintain include the Defined benefit plan. The annual funding requirements are very rigid even though loans are permitted in this type of retirement fund. The annual contributions for this type of account can reach up to $100,000 or more, depending on the age and the average income of the owner. For more information about the various retirement plans for self employed individuals, there are many websites that let you use free retirement planning tools to get you started. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: self employed retirement plans annuities Self employed retirement plans for income Self employed retirement plans explained Self employed retirement plan reviews Self employed retirement plans review What is the best fixed indexed annuity for self employed retirement plans vs the best tax free income self employed retirement plan https://www.youtube.com/watch?v=URjGZoGKSwY
Views: 4483 retiresharp
Retirement Planning For The Self-Employed !
Recent studies show that most self-employed Americans are saving little, if anything, for retirement. Why? Excuses include a lack of steady income, paying off major debt, healthcare, education, and business expenses. But when the future depends on you, making an investment in yourself is worth it. The retirement saving options most preferred by self-employed workers are solo 401(k)s, SEP IRAs and SIMPLE IRAs. The solo or individual 401(k) is like a traditional 401(k), but it’s for sole business proprietors with no employees other than a spouse who works for the business. It permits contributions as both the employee and employer, which means higher limits than many savings plans. In 2014, the employer could save $17,500; or $23,000 if over 50 years old, plus an additional 25% of net income up to a maximum of $52,000; or $57,500 if over 50. A simplified employee pension, or SEP IRA, suits individuals and businesses with employees. A SEP IRA can be opened at just about any bank or brokerage. The business owner can contribute up to 25% of each employee’s income, up to $52,000. When making a contribution, the owner must contribute for every employee. Since employees do not make contributions, the plan is most popular with one-person businesses. Savings incentive match plan for employees, or SIMPLE IRAs, are like SEP IRAs, but the employees can make contributions. The employer must contribute dollar-for-dollar up to 3% of each eligible employee’s contribution, and 2% for those who don’t contribute. In 2014, contribution limits of $12,000 -- $14,500 if over 50 -- and the matching requirement made SIMPLEs best for those with no employees and incomes of less than $45,000. Read more: Retirement Planning For The Self-Employed - Video | Investopedia http://www.investopedia.com/video/play/retirement-planning-selfemployed/#ixzz3tNDhtOTG Follow us: Investopedia on Facebook
Views: 5739 Investopedia
Self Employed Pensions - The Buzz
Our BeeKeeper Priyal chats about getting a pension if you're self employed. What are your options? What are the benefits of a pension if you're self employed? Got a question we didn't cover? Leave your Qs in the comments below and we'll get back to you! Sign up today: https://pensionbee.com (capital at risk) * PensionBee makes it easy to stay on top of your pension and take back control of your personal finances. Check out our plans and learn more about what we do at: https://pensionbee.com (capital at risk) Read our blog for money saving tips, pensions info, and more: https://pensionbee.com/blog Please like, share and subscribe if you like what we're doing! Share your thoughts in the comments box below. * Video and editing: Zainabb Hull
Views: 1324 PensionBee
SEP IRA Explained for Self Employed.
The SEP IRA is like the third child in the family. It tends to get overlooked and never really considered by the self employed investors. There are huge advantages to retirement investing with a SEP IRA and today I'll cover a few of them. We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Views: 3626 Jazz Wealth Managers
Simplified Employee Pension (SEP)
Advantages of SEPs and how they work In addition to Keogh plans, there's another, even simpler pension plan for sole proprietors and small corporations called the Simplified Employee Pension or SEP. A SEP account is a cross between a 401(k) account and an IRA. With a SEP account, you open an IRA account and then your employer deposits money into the account on your behalf. After the money's deposited, it's your money, and you can treat it as you would any IRA money. The employer gets to deduct the contribution as a wage expense, and the contribution never shows up on your W-2 as taxable income so you both win. If you're self-employed, you take your SEP contribution as an adjustment to your income on the front page of your 1040, like you would do if you had an IRA or a Keogh plan. One advantage that a SEP offers relative to a Keogh plan is its simplicity of administration. There are fewer forms because the employer is no longer responsible for management of the money after it's been deposited in the employee's account. Disadvantages of SEPs There are, however, some drawbacks to using a SEP relative to the more cumbersome Keogh account. First, you can't save as much using a SEP. With a SEP, a self-employed person can put away up to 13 percent of their net income for themselves. Employers can also contribute up to 15 percent of the salary of each employee. The employer must contribute the same percentage to all employees who have worked for him for three years or more, and all contributions are immediately vested with the employee. This is stricter than the 401(k) account which allows vesting over five to seven years. A SEP is quite flexible, however. If things are good one year, you can contribute 10 percent or more to all eligible employees. If you've had a bad year, you can skip contributions entirely. SIMPLE Plans Just as we were going to the studio to record this tape, Congress passed a law which allows a new form of retirement accounts for small businesses called the Savings Incentive Matching Plan for Employees, otherwise known as SIMPLE. Believe me folks, I didn't come up with this name. The politicians in Washington did. Anyway, a SIMPLE plan allows workers to save up to $6,000 of their own money into an IRA. Employers must provide a flat match of 2 or 3 percent of each worker's salary. Because these are new plans, we don't have much information on them, but if you're in a small business, you should ask your mutual fund or bank for information on SIMPLE plans. Self-employeds should set up Keoghs or SEPs If you're self-employed you should seriously consider setting up a SEP or Keogh plan for yourself. Most of the Keogh plans are easy to set up, and SEPs are even easier. Both Keoghs and SEPs allow you to save much more money than an IRA. SEPs and Keoghs can be set up easily through most mutual funds or banks. These institutions have plan documents that usually already have received approval from the IRS. To set up your own retirement plan just fill out the paperwork and send in a check. If you work for a small business that currently doesn't offer a retirement plan, you should ask your employer about setting up a SEP or a Keogh plan. You can do this in a win-win manner. Instead of haggling with your boss over a 5 percent raise, cut a deal with him. Tell him you'll take a 3 percent raise if he sets up a retirement plan. Because of the tax savings possible through retirement plans, both you and your boss could come out ahead on an after-tax basis. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/100-simplified-employee-pension-sep
Views: 4085 MoneyHop.com
Best Retirement Plans for the Self-Employed
For all the self-employed people out there, I'm with you. How can you save, plan for retirement and invest when you don't have the traditional corporate business structure? Here's my best plan of attack for making the best use of every dime.
Views: 2327 Jeff Rose
What is The Keogh Plan?
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Keogh Plan” A Keogh plan is a tax deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or defined-contribution plan, although most plans are defined contribution. Contributions are generally tax deductible up to 25% of annual income. Keogh plans were established through legislation by Congress in 1962 and were spearheaded by Eugene Keogh. As with other qualified retirement accounts, funds can be accessed as early as 59.5 and withdrawals must begin by age 70.5. Keoghs are known to have more administrative burdens and higher upkeep costs than Simplified Employee Pension or SEP plans, but the contribution limits are higher, making Keoghs a popular option for many business owners and proprietors. By Barry Norman, Investors Trading Academy
Self Employed - Pension Season 2016 V1.
First video in a series of ten about pensions and retirement planning
Pension options for the Self-Employed
If you have recently gone Self-Employed, congratulations! The downside is you have now lost pension contributions from an employer. So your retirement planning is down to you. This video explains your options and why the time to start is now even if it's small savings to begin with.
Here is the best retirement plan for self employed individuals. medwining@gmail.com
Views: 93 John Medwin
Keoghs A Keogh plan is used by sole proprietors who show their income and expenses on Schedule C of their 1040 tax return. Although Keoghs also can be set up by partnerships and Subchapter S corporations, I'll focus on sole proprietors here. One of the key benefits to having a Keogh plan is the ability to save lots of money on a tax-deferred basis. If you're self-employed and net $50,000 after expenses, you can only save $2,000 in a tax-deferred Individual Retirement Account. However if you establish a Keogh plan, you can save more like $10,000 depending on how you set up your Keogh. There are various types of Keoghs which have tradeoffs between the maximum amount you can save and the flexibility of the program. More savings potential means less flexibility. Check on your Keogh plan's health And what should you do if you work for a small business that provides you with retirement benefits through a Keogh plan? To ensure that the plan remains a qualified plan your employer must make certain disclosures to you regarding any retirement benefits you may be eligible for. You can check on the assets in the plan by looking at the summary annual report, which must be given to you each year. This form outlines the plan's assets and where the money is invested. If you want more details, ask to see the plan's IRS Form 5500. You might want to ensure that the plan administrator isn't using the plan as a private piggy bank. The IRS has strict rules designed to prevent plan administrators from using plan assets for their personal benefit. A classic example is having the plan loan money to the business when the business faces a cash crunch. IRS and Department of Labor audits help prevent these things from happening in large pension plans, and all plans with more than 100 employees must be audited by third parties. But it's impossible for the government to check on the hundreds of thousands of small plans out there. To a large extent, you have to do the checking yourself. You don't have to come across as an investigative reporter, but maybe you should ask your boss about the pension plan. Just by letting your boss know that you're keeping an eye on the plan you'll discourage her from thinking about misusing the funds. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/090-keoghs
Views: 994 MoneyHop.com
self employed tips to boost your pension
It can be tricky when your income is irregular or you anticipate more pressing business needs in future. But a few smart moves can set you right fairly rapidly. Here, we look at six ideas to help self-employed workers boost their funds. Use the tax relief allowance: Some people those who have sold a new product, painting or received an advance, for example may only in certain years acquire money to pay into a pension. However, you can carry over unused allowances from the previous three years, provided you were a member of a pension scheme during that time. Claim back missed relief: the rules allow you to claim tax relief for the previous three years. In practice, this means the deadline is four years after the end of the tax year for which you are claiming. Employ your spouse If your husband or wife is on the payroll, make sure you’ve got a pension in place. You can pay up to 100pc of their salary into the scheme, adjusting your own earnings to compensate.Put your business in your pension Savers are blocked from putting residential property in a pension, but investing in commercial buildings is allowed. You can buy the premises where your business operates through a pension scheme to reduce your tax bills. For example, a veterinary surgeon might put their surgery in a pension. Recycle money after 55 Once you reach age 55, try pension “recycling” to boost your fund. Under this ploy you withdraw money from your fund and pay it back in to generate extra tax relief. It’s easier for self-employed people with more control over their incomes than company staff. Use a cheap plan designed for companies Companies such as Hargreaves Lansdown, Bestinvest and AJ Bell provide low-cost pensions for people who just want to put money in the stock market, rather than in commercial property or other esoteric investments. A little-known trick to cut costs to the bone is using Nest, the government-backed pension provider, which is open to self-employed people and charges only 0.3pc a year.
Views: 194 dailylifeshows
Defined Benefit Plans for Small Business Owners
A Tax Strategy for Independent Professionals & Consultants, Physicians, Small Business Owners and Individuals with Self-Employment Income
Views: 233 D'Arcy Wealth
Which Retirement Account Should a Small Business Owner Use? SEP IRA vs. Solo 401k
As a Small Business Owner, you are responsible for saving for your own retirement. In this video, I discuss which retirement account could work best for you, a SEP IRA or a SOLO 401(K). Each has advantages and disadvantages, so tune in to get the information you need. For additional information about these retirement accounts compared to traditional 401(K)s and ROTH IRAs, you can find more information here. https://financiallysimple.com/retirement-plans-for-small-business-owners-sep-or-solo-k/ Thanks for joining me today, and be sure to subscribe to my YouTube channel and to my newsletter for more financially simple information. _____ Don’t forget to SUBSCRIBE for more financial news, tips, and information! https://www.youtube.com/c/FinanciallySimple?sub_confirmation=1
Selecting Small Business Retirement Plans - Self-employed 401(k)| Fidelity Investments
As a small business owner, you know it’s important to have a retirement plan for yourself, and for any employees you have or may hire. And as you consider which plan is right for your company, it’s important to think carefully about your priorities and goals. To see more videos from Fidelity Investments, subscribe to: https://www.youtube.com/fidelityinvestments Facebook: https://www.facebook.com/fidelityinvestments Twitter: https://www.twitter.com/fidelity Google+: https://plus.google.com/+fidelity LinkedIn: https://www.linkedin.com/company/fidelity-investments Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, Rhode Island, 02917 666593.6.0
The Best Retirement Plan Options for the Self-Employed
Mike Bernier, CFP®, AIF® shares the best retirement plan options for the self-employed. http://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Daily Juice - Retirement plans for business owners, self employed and consultants - 11/08/17
End of Year Planning Todays's topic: Retirement Savings Plans for people who are Self Employed 1. SEP, Simplified Employee Pension 2. Simple IRA 3. Solo 401K
Pensions tips for sole traders + self employed
Pensions made easy. Simple tips on pensions for sole traders / self employed. Leading life & business coach Rasheed Ogunlaru author of Soul Trader interviews pensions specialist / financial adviser Paul Littlewood of Just Us Financial Services http://www.soul-trader.biz http://www http://www.jufs.co.uk http://www.rasaru.com
Views: 634 Soul Trader
How much can a self employed individual contribute to a retirement plan SEP IRA
please subscribe to our channel for more videos! https://www.youtube.com/letstalkmoneychannel
Free Solo 401k plan for self employed or 1099 contractors
visit http://sanjivcpa.com to learn more about 401k plan and tax deductions. In this video, we cover how you can open up a FREE 401k plan and how you save up for your retirement while reducing taxes for this year.
Views: 5113 Sanjiv Gupta
Solo/Self-Employed 401k! A Dream Retirement Plan! (Save $60k/year!)
Blog Post - https://wp.me/p1TqAR-dG The dream retirement plan (Solo 401k) for self-employed people! Solo 401(k)s are a super flexible retirement plan that lets you maximize your contributions with little or no plan costs.By definition you are both the employer and the employee. Therefore, you can contribute to the plan in two ways. Brad Rosley Blog - http://BradRosley.com
Views: 3413 Brad Rosley
Retirement Plans For The Self Employed
Self-employed individuals have several retirement plan options including a SEP or( Self Employed Pensions) IRA, 401k, IRA, or Roth IRA. Talk with your tax advisor to determine which option is best for you.
Views: 18 RobertHallTaxes
Why Business Owners Should Avoid the Canada Pension Plan
I received an email last week asking me what happens to your Canada Pension Plan Contributions when you pass away. The critics will say that the government is doing a noble job by creating a forced retirement income savings program, I say they have created a lucrative Ponzi scheme to line their own pockets, sacrificing tomorrow to pay for today's greed. But is there a better way? Employees have next to no rights as it relates to whether they have to pay into CPP or not, but Canadian self-employed business owners can stand up, end the insanity and protect their families. http://www.canadianlegacybuilder.ca/business_owners_avoid_canada_pension_plan Kevin Cahill Guelph
Views: 311 Kevin T Cahill
Best Retirement Plans for Small Business Owners (GoodFinancialCents.com)
http://www.goodfinancialcents.com/best-retirement-plan-for-small-businesses/ Are you a business owner that is finally starting to see some profits? You have been slugging away for several years and now you are finally in the black and you want to start thinking about retirement. You know that you need to save, but as a business owner you have a plethora of different retirement plan options that as an individual you didn't. If you are confused and bewildered and not sure what direction to go, I completely understand. I was in the exact same situation as you. I was a W2 employee, and then when I became a small business owner I now had many different options that I could choose from and initially it was overwhelming. It was easier doing it for the client, but now that I was actually on the business owner's side of things, the 1099 independent contractor side of things, I now wanted to make sure that I was doing the best retirement plan for me. If you are looking to see what retirement plan is best for you, here are a few options to consider: 1. A traditional or Roth IRA. Now I am sure you are probably wondering, "Well Jeff, I could do that when I was an individual. What is the benefit for me doing it as a business owner?" Well here's the thing; the beauty of doing a traditional or Roth IRA, if you are not putting money in those plans at all, and maybe you are profitable but you are not as profitable as you would like to be, under the age of 50 and under you can still put in $5,000 on either the traditional or Roth IRA. At least that is a good starting point. Now, if you can put in more than that 5,000 then we'll start looking at the other options coming up. 2. A simple IRA. The name is a little bit misleading because to me it is not quite that simple. Here is the general gist: You're able to put in up to $11,500 per year into the simple IRA. Over the age of 50 is allowed a $2,500 catch up. But if you have employees, here is where it gets a little bit trickier. To make it simple, just know that you're going to have to put in about 3% of your employees' wages as an employer contribution. That is how much, as a business owner, you're going to be out for each employee. There are certain rules that say you can dip below that 3% over a 2-out-of-the-5-year period, but I don't want to muddy the waters too much. Just know that for the most part you're going to have to put in about 3% of your employees' salary to be able to contribute the 3% for yourself as well. Now that might sound a little bit confusing and it kind of is, but if you go to the blog and do a Google search for "simple IRA rules", you'll find out more about the simple IRA and see if that applies to you.
Views: 5631 Jeff Rose
Self-Directed Solo 401k Plan for Self-Employed on TV
http://www.sensefinancial.com/ President of Sense Financial Services LLC was invited to discuss retirement solutions they provide to small business owners and self-employed individuals, of which self-directed Solo 401k plan with checkbook control offers the most benefits. Solo 401k is the most cost-effective and flexible retirement plan that is available in the market. Some of the features of the plan include checkbook control, participant loan feature, Roth sub-account, high contribution limits and exempt from UDTI tax on leveraged real estate. To learn more please visit our website or contact (949) 228-9394
Views: 3324 SenseFinancial.com
How to sort your pension when you're self-employed - Pensions 101
Self-employed and want to start saving for your future? We break down your pension options to help you get started. For more information on self-employed pension options, check out our Pensions Explained Centre: https://www.pensionbee.com/pensions-explained/frequently-asked-questions/self-employed-pensions For more on self-employed pensions, check out The Buzz: https://www.youtube.com/watch?v=5XKvtlAhlpk Sign up today: https://pensionbee.com (capital at risk) * Please like, share and subscribe if you like what we're doing! Share your thoughts in the comments box below. PensionBee makes it easy to stay on top of your pension and take back control of your personal finances. Check out our plans and learn more about what we do at: https://pensionbee.com (capital at risk) Read our blog for money saving tips, pensions info, and more: https://pensionbee.com/blog * Video and editing: Zainabb Hull
Views: 1851 PensionBee
Killik Explains: A short guide to personal pensions (SIPPs)
SIPPs can offer a tax-effective way to save for retirement – here’s Tim Bennett's updated summary.
Views: 2758 Killik & Co
Retirement planning for the self employed
How to retire in a manner that will assist you, your family and your business
Views: 489 Gary Moffatt
How to save for retirement when you're self-employed
Self-employment is becoming more common, but many entrepreneurs still aren't saving for retirement. http://www.kare11.com/money/how-to-save-for-retirement-when-youre-self-employed/461237596
Views: 77 KARE 11
Defined Benefit Plan - Defined Benefit Plans Explained
What are defined benefit plans – What is a defined benefit plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of defined benefit plans and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a personal define benefit plan for retirement. Defined Benefit Plan on Retirement Finances There are many different retirement insurance plans available for retirees. Some are affiliated with your company; others are available through the federal government or private companies. Defined benefit plans are a type of pension plan that will benefit you throughout your retirement. The defined benefit pension plan was the most common type of pension plan before 401k plans took over (which is a form of a defined contribution plan). Still, labor unions tend to still use this plan, as do self-employed individuals or business owners with a small amount of employees. These pension plans need a substantial amount of money being pumped into the investments, so more affluent workers are more likely to look into this as the best retirement insurance plan. What is a defined benefit plan? A defined benefit plan is an employer-sponsored retirement income plan that promises a specified monthly benefit at retirement. The promised amount could be a defined amount, say $200/month. However, it is more commonly based on a formula using factors such as salary history, your age, duration of employment, etc. The company controls all of the investment risk and portfolio management and is protected, with certain limitations, by federal insurance. According to the IRS website, a defined benefit plan is a valuable and smart option to consider when making the choice between retirement plans. Some of the reasons are These plans are contributed only by your employer, but sometimes have stipulations that require contributions to be made by the employee as well. Pros and Cons of Defined Benefit Plans As in any retirement insurance plan, there are pros and cons to defined benefit plans based on different factors: income, age, how long you've been working with a company. Some pros of this plan are Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: Defined benefit plan annuities Defined benefit plan income Defined benefit plan explained Defined benefit plan reviews Defined benefit plan review What is the best fixed indexed Defined benefit plan vs the top immediate income Defined benefit plan https://www.youtube.com/watch?v=deRxETzmpdA
Views: 2980 retiresharp
10- New Pension Scheme for Private sector Employees (Hindi)
Do you know PVT sector employees can plan retirement with NPS.Any one can avail this benefit.This video explains how NPS works,calculate Pension,exit rules,death benefits.
Self-employed: How to investment for retirement
If you are self employed it is important that you plan for your retirement by setting up an IRA or SEP and invest in the market. Here Dan explains how to simply set up a retirement strategy. The key is to consistently contribute to these funds over your lifetime.
Self-Directed Solo 401k Pension Plan
Truly self-directed Solo 401k plan is the most powerful retirement savings vehicle allowing plan participants to shelter from taxes significant portions of their self-employed earnings. Not only that is gives you the power to invest into virtually anything: real estate, private lending, tax liens and tax deeds, private business, precious metals, trust deeds, and more... The participant loan loan feature gives you the ability to access your retirement funds tax-free and penalties-free even before you retire! And because the rules enable plan holders to buy investment property with use of leverage not being subject to Unrelated Business Income Tax (UBIT) it make it superior to self-directed IRA. Custodian is not required with truly self-directed Solo 401k, plan assets are held in a trust and you have total and direct control over it as plan administrator. To learn more about the Solo 401k please visit our website and request complimentary consultation with one of our retirement account experts: http://www.sensefinancial.com/
Views: 9560 SenseFinancial.com
4 Retirement Plan Options for the Self-Employed
4 Retirement Plan Options for the Self-Employed
Views: 29 Pamela Jody Carol
Martin Walcoe: Retirement Plans for Self Employed People
Martin Walcoe, Executive Vice President of David Lerner Associates, discusses why a retirement plan is essential for self-employed people.
Solo 401(k) Plans: Big Benefits for the Self-Employed
Designed specifically for the self-employed, Solo 401(k)s are a great fit for freelancers, sole-proprietors and consultants. ShareBuilder 401k President Stuart Robertson explains why. For more tips on 401(k) plans, please visit "The Straight Scoop on 401(k)s" playlist at www.youtube.com/sharebuilder401k. ShareBuilder 401k is a leading provider of retirement plans designed specifically for small and mid-size businesses. By automatically keeping fees low, more of our customers' money stays invested to help build a bigger nest egg. ShareBuilder 401k brings together investment expertise, leading online and offline technologies with a low-cost, index-based approach to investing using all ETFs and a money market fund. Equally important, ShareBuilder 401k plans are fully supported by the ShareBuilder Investment Committee, licensed 401(k) Consultants and Customer Success Managers to help serve employers and participants at the highest level. This is intended only as general information for your convenience. You should consult your tax adviser regarding specific tax strategies. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor and a subsidiary of Capital One Financial Corporation. ShareBuilder 401k is the marketing name for Capital One Advisors, LLC. Securities and services are: Not FDIC insured · Not bank guaranteed · May lose value · Not a deposit · Not insured by any Federal Government Agency
Views: 5283 ShareBuilder401k
Canada Pension Plan Intro
Canada Pension Plan Intro Business Career College is a national financial services education provider. See our insurance, financial planning and continuing education courses, including self-paced and instructor led options, at https://www.businesscareercollege.com For great industry articles, follow on Twitter (https://twitter.com/JasonWattBCC) or like on Facebook (https://www.facebook.com/BusinessCareerCollege/).
Views: 29863 BCC Education
Self Employment Retirement Plans Offer Great Advantages
http://www.sensefinancial.com/ Sergio, a business owner, recommends Solo 401k, one of the popular self employment retirement plans offered by Sense Financial. He recommends setting up the plan with Sense Financial because the company gave him full support whenever he needed. To learn more please visit our website or contact (949) 228-9394.
Views: 238 SenseFinancial.com
A True Pension Plan For Business Owners: Jean-Pierre Laporte | Tea At Taxevity #72
http://www.taxevity.com/tea | If you're a business owner in Canada, would you like a true pension plan? Maybe it's time to upgrade from your RRSP. Learn more from Jean-Pierre Laporte in Tea At Taxevity #72. Interview content: 0:47 What is a true pension plan? 1:22 RRSP limit for 2015 is $24,930 at $140,000 of earned income 2:04 Two ways to put aside more than an RRSP allows: 2:51 Comparing the contribution limits 3:25 Why the defined contribution (DC) limit is always higher than the RRSP limit 3:59 The contribution limits for a defined benefit (DB) plan 5:16 Why does an Individual Pension Plan (IPP) allow high limits 6:20 Are IPP contributions tax-deductible? Other tax benefits. 7:39 The ideal candidate for an IPP 7:59 Can a self-employed or salaried employee have an IPP? 9:31 Drawbacks of an IPP 12:04 The Personal Pension Plan (PPP): fixing the IPP by combining a DB plan and a DC plan 13:55 Where the idea for the PPP arose 14:35 What the government says about the PPP 15:10 The additional voluntary contribution sub-account 16:17 Creditor protection (unlike most RRSPs) 17:22 Tax deductions for investment management fees (unlike an RRSP) 18:33 Why didn't someone else invent the PPP? 20:43 Approval by CRA (Canada Revenue Agency) and FSCO (Financial Services Commission of Ontario) 21:17 Who manages the assets? 22:00 How to get a PPP 22:47 What could go wrong with a PPP? 25:01 What happens if investment returns are poor? 26:14 What if the government changes the rules? 27:12 The fees 28:28 The key message For more details, read "Self-employed? Here's a pension for you, too" in The Globe and Mail at https://t.co/py2RyJ1oVS Our guest is Jean-Pierre Laporte. You'll find more details by visiting - LinkedIn: http://bit.ly/TATjp - website: https://www.integris-mgt.com - Twitter: https://twitter.com/IntegrisMgt Tea At Taxevity brings you insights from insiders who make life better. The diverse interviews are recorded live in West Toronto and feature LinkedIn connections of your Taxevity team. Your host is actuary Promod Sharma (http://www.linkedin.com/in/promod). SUBSCRIBE TO GET MORE VIDEOS http://www.youtube.com/subscription_center?add_user=taxevity CONNECT TO STAY IN TOUCH Google+ ► http://bit.ly/taxevityG Facebook ► https://www.facebook.com/taxevity Twitter ► http://twitter.com/taxevity Linkedin ► https://www.linkedin.com/company/taxevity Taxevity ► http://taxevity.com SCHEDULE YOUR APPOINTMENT http://www.taxevity.com/appointment
Views: 803 Taxevity Insurance
Solo 401k Plan for Self Employed: How to Qualify for a Solo 401k Plan
http://www.sensefinancial.com Many investors want to take advantage of the benefits of the Solo 401k plan for self employed. Michael Atias, director of OTA Tax Pros, explained how investors can generate self employed income and become qualified for the Solo 401k plan. For more information, please visit our website or contact us at 949-228-9394.
Views: 2255 SenseFinancial.com
Money Management & Personal Finance : What Is a Keogh Plan?
A Keogh plan allows small companies and self-employed individuals to establish pension or profit-sharing plans for themselves. Create a Keogh account, which technically falls under the 401C codes, with advice from a financial consultant in this free video on retirement plans. Expert: Roger Groh Bio: Roger Groh is the founder of Groh Asset Management. Filmmaker: Bing Hu
Views: 1500 ehowfinance
New Tax Rate for the Canada Pension Plan (2016)
The Federal Government is planning to increase the Canada Pension Plan contribution rate in order to deduct more from your earnings, which will increase retirement benefits in the future. However, these changes will lead to positive and negative effects on you, as a Canadian. 0:33 - 1. What You Need to Know 1:09 - 2. The Contribution Rate 1:44 - 3. What's Changing? 3:11 - 4. Good or Bad Changes? Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 3496 Allan Madan
Mitlin Minute Retirement Plans For The Self Employed
We discuss retirement plan options for the self employed.
All you need to know about retirement planning CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://www.youtube.com/user/CNBCTV18 Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News Website: http://www.moneycontrol.com/cnbctv18/
Views: 10453 CNBC-TV18
Your Home Sold Guaranteed Realty Self Employed Pension Benefit
In addition to the Exclusive Benefit Rich Brokerage name, the Millionaire Agent Plan, System and Coaching, Agents receive a Financial Success Coach and Self Employed Pension Investment and Retirement Account. The Company direct deposits revenue in to the agents account. Financial freedom is your future. Go Serve Big!!!
Views: 9 James Walters
self-employed health insurance
(50) Juan, who is single, is a self-employed carpenter as well as an employee of Frame It, Inc. His self-employment net income is $35,000. He is covered by his employers pension plan, but his employer does not offer a health plan in which he could participate. a. Up to how much of his self-employed health insurance premiums could he deduct for this year, if any? Why? a. Juan is able to deduct up t the 100% of the self-employed health insurance premiums. There is a limitation that does apply to him and that would be that can only deduct the premiums up to $35,000 (his net business income). b. How much of Juan’s self-employment taxes would be deductible? b. 50% of the self-employment taxes as an above the line deduction could be deducted for Juan’s self-employment taxes.
Views: 100 Pamela Vest
How to Maximize Your Retirement Contributions
https://www.advantaira.com/learning-center/ How to Maximize Your Retirement Contributions Are you … - a sole proprietor? - a business owner with less than 100 employees? - an independent contractor? - self-employed? - a partner in a business? In this webinar, we will be discussing what types of contributions can be made to your self-directed IRA such as the Simplified Employee Pension Plans (SEP), the Savings Incentive Match Plan for Employees (SIMPLE), and the Individual(k). Here's what you can expect to learn … - An overview of each plan; - How to choose the right plan for your business; - How to calculate your contributions; - What the maximum contributions are; - How to establish your plan. How to Maximize Your Retirement Contributions | self directed ira services | self directed IRA | self-directed IRA | checkbook IRA | what is a self-directed IRA | what is a self directed IRA | IRA real estate | self directed real estate IRA | SEP | SIMPLE | individual k | individual(k) | retirement plans | tax deadline | 2017 tax deadline | IRA contributions | contribution limits
Views: 137 Advanta IRA