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What Records should Small Business Owners keep? [Video]

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What Records should Small Business Owners keep?

This video discuss an important question when it comes to running a business and that is What Records Must Your Small Business Keep?

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Business Owners

Talc plaintiffs lawyers allege J&J put lawsuits in bankruptcy to protect brand [Video]

Lawyers for cancer victims accused Johnson & Johnson of pushing roughly 38,000 talc lawsuits into chapter 11 to stem damage to its corporate brand and gain unfair leverage, as a trial concludes on a bankruptcy strategy the company has defended as fair and reasonable.

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Business Owners

Retirement Planning for Self Employed - Retirement Plans for Self Employed [Video]

What are Retirement Plans for Self Employed- What is Retirement Planning for Self Employed? 1-800-566-1002 https://www.ifasifinancial.com. What are the best types of Retirement Planning for Self Employed and learn how you can avoid the most common mistakes that self employed individuals have made when looking to set up retirement planning.https://www.youtube.com/watch?v=rCLu2uVwgDQ&feature=youtu.beThese are the Best Retirement Options for self employedWe have the information you need to know about the top retirement plans. How much can you save and what plan is best for you.Self-employment has its downsides. You don't get all the benefits offered by employers like a 401k plan that offers a match for your contributions. However, there are some advantages to self-employed retirement plans that can far exceed regular ones.Solo 401(k) gives you more than just all the benefits that a company plan offers. There are two options: traditional and Roth 401(k), which allows you to make contributions before or after-tax dollars. You have the option to invest in any type of asset. You won't have to pay any additional fees if you choose a broker who offers a solo 401(k). How to build your own retirement plan if you are self-employed?A retirement plan is essential for freelancers. There's nobody else looking out for you retirement. Your mantra should always be "Pay yourself first."You may consider consulting a financial adviser to help you determine how to best allocate your money as your savings grow. Many companies offer low-cost or free retirement planning advice.A spousal account allows for you to make more money in retirement if you are married but one of you isn't working or earning significantly less. A spouse who is not working can open a Roth or traditional IRA under their name. Contributions are based on household income. You can only contribute the income you earn in an average year.It's easy to set up your self employed retirement plan.Like everything an entrepreneur does. There is no human resource (HR) person who will walk you through your company's 401(k). No matching contributions are allowed, there is no company stock and automatic payroll deductions.As a business owner the downside is that employees must make the same contributions as you. They should be at least equal in amount and percentage to your own pay. This can prove costly for businesses with more employees, or those who want to save a lot of money for their retirement. It is not enough to use the SEP for your own savings. You must also make contributions to all employees who are eligible.Being able to open another IRA--and max out the account with contributions--allows some married couples to double their IRA retirement savings each year.Self-employed: Retirement PlansThey can help you save more than traditional plans offered by your employer. Entrepreneurs and self-employed can bankroll bright retirements with a well-chosen plan.The Roth 401 (k) account has the same contribution limits that traditional 401 (k) accounts. You are eligible for the match if your employer provides a match on 401(k). Federal regulations will allow it to be transferred into an ordinary 401(k).#RetirementPlanningforSelfEmployed#RetirementPlanforSelfEmployed#RetirementPlansforSelfEmployedFeel free to subscribe to our YouTube channel and receive instant access on different retirement relatedtopics. Thanks for watching!Related Search termsRetirement Planning for Self Employed annuitiesRetirement Planning for Self Employed IRA incomeRetirement Planning for Self Employed explainedRetirement Planning for Self Employed reviewsRetirement Planning for Self Employed reviewWhat is the best fixed indexed Retirement Planning for Self Employed vs the top immediate income Retirement Planning for Self Employed.