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

How to Pay Next-to-Nothing in Taxes During Retirement – Go Health Pro

How to Pay Next-to-Nothing in Taxes During Retirement – Go Health Pro

A reader asks: If Bill Sweet’s favorite topic is Roth IRA’s/401K’s, I’d bet his second favorite is tax gain harvesting (in a taxable account). For 2024, individuals with taxable income below $47,025 ($94,050 for married couples) pay 0% tax for long-term capital gains (LTCG). In years when you’re under the threshold you could effectively lock … Read more

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