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154 - How Can I Reduce Taxes on Side Hustle Income?
Published 4 years ago
Description
Scott and James discuss how you can reduce taxes on side hustle income.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
1:10 - Listener Question
3:25 - Taxes
5:50 - Retirement Contributions
7:43 - Retirement Contribution Maximums
9:14 - Solo 401(k) v. SEP IRA
11:35 - Can My Spouse Contribute?
14:27 - Target Income & Timeframe
16:11 - Aligning Your Financial Goals
LET'S CONNECT!
James
Scott
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