Finance Tip | 3 Ways To Save More Money For Business Owners & Entrepreneurs
In this tip video, Matthew Fox is going to show you 3 options that allow you to save more money not only just on taxes, but also to save more money for retirement down the road; opposed to choosing just a standard traditional ira. Here are the 3 options: 1. Self-Employed 401k 2. Simplified Employee Pension (SEP) 3. Simple IRA. Matthew will also be showing an example of how much money you can save for all 3 of these options, if you’re the age of 40, and have $100,000 of business income. It’s important to note that these amounts will change depending on your age & business income, this is just an example to show you how the calculator works.
If you have more comprehensive financial questions, we would be glad to help!
Contact us here:
Matthew Fox AIF® CRC®
Owner/Financial Planner
www.perspectivewealthplanning.com
814-580-9881
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