Tax Question??
I am just starting out in wholesaling and I need some advice on setting up a retirement fund. Is there anything out there that I can put a percentage of my earnings in and I won't be taxed on that portion. I guess I looking for something similar to a 401k, but without to match. Any advices would be aprreciated.
You can reduce your taxes while saving for retirement with one of the four main types of tax-deferred retirement plans for small businesses:Self-Employed 401k (a.k.a., Solo-401k, Individual 401k)SEP-IRA SIMPLE IRA Keogh (a.k.a., Profit Sharing Plan, Money Purchase Pension Plan)Contact your financial services provider or your current IRA custodian to discuss your options and to establish an account.