How Employer Roth Contributions To Solo 401(k) Plans Reduce The QBI Deduction (And Increase Taxes) For Self-Employed Workers – Go Health Pro

How Employer Roth Contributions To Solo 401(k) Plans Reduce The QBI Deduction (And Increase Taxes) For Self-Employed Workers – Go Health Pro

Solo 401(k) plans are a popular retirement savings vehicle for self-employed business owners. One of their key features is the ability to make contributions both as an “employee” of the business and as the “employer”, i.e., the business itself. By maximizing both the employee employer contributions, solo 401(k) plan owners can often save significantly more … Read more

Mega Backdoor Roth IRA: Supercharging Your Retirement Savings – Go Health Pro

Mega Backdoor Roth IRA: Supercharging Your Retirement Savings – Go Health Pro

Ever since I started saving for retirement in 1999, I’ve been a proponent of tax-deferred retirement vehicles like the 401(k) and skeptical of tax-now vehicles like the Roth IRA. Working in banking, I was already being taxed out the wazoo and had no desire to pay even more. Frankly, I wasn’t even familiar with the … Read more

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