Скачать с ютуб Solo 401k vs SEP IRA (Self Employed Retirement Plans) в хорошем качестве

Solo 401k vs SEP IRA (Self Employed Retirement Plans)

Solo 401k vs SEP IRA (Self Employed Retirement Plans). In this video I explain the SEP IRA and Solo 401k (also known as the self employed 401k) and compare the differences between the two of them. Until the early 2000's the SEP IRA was one of the most popular retirement accounts for anyone with 1099 income, self employed, small business owners, and the like. However, since then, for most people that are self employed and do not have any additional employees the Solo 401k has many more advantages over the SEP IRA. ————— Call if you WANT TO ASK ME A QUESTION... ➡️ https://bit.ly/KSchollCoaching ————— MY WEBSITE ➡️ https://www.kscholl.com ————— Support the channel - random referral links: ➡️ BLENDERS SUNGLASSES: Get $20 off your order of $50 or more: http://rwrd.io/dhqkw4a ➡️ Nice & affordable WATCH STRAPS from StrapsCo: https://strapsco.com/?ref=161 ➡️ My MAGNETIC COLLAR STAYS on Amazon: https://amzn.to/3q70ZPE ➡️ Hey! I'm using SoFi INVEST 📊 to buy and sell stocks (and pieces of stocks) with ZERO fees. Open an Active Investing account with $100 or more and you'll get $25 in stock. Use my link: https://www.sofi.com/invite/invest?gc... ➡️ STUDENT LOAN REFINANCE WITH SoFi: https://www.sofi.com/invite/student-l... ➡️ 50% OFF QuickBooks Online Subscription for first 6 months: https://refer.quickbooks.ca/s/kylescholl ————— **Error in the video around the 5:32 mark where I go into some detail regarding Self Employment Taxes. The video is not correct as it stands. My intent was to demonstrate the larger amount of money you're able to save for retirement through a Solo 401k compared to a SEP IRA and in the video I specifically mention how these contributions reduce your SE Tax, but I was wrong and am sorry about that...as these contributions only reduce your Federal Income Tax liability and not your SE Tax liability. I'll be more careful in future videos when I dive into specific details like this. Thanks for your understanding...this is why I encourage people to work with a CPA to clarify/confirm whatever you may hear from a YT video...even if it is one of my YT videos.** ➡️ Share this video with a friend:    • Solo 401k vs SEP IRA (Self Employed R...   ➡️ Subscribe for more videos:    / @financial_awareness   ————— OTHER VIDEOS YOU MAY LIKE ➡️ 10 Self Employed Tax Write-Offs:    • 10 Self Employed Tax Deductions and C...   ➡️ Backdoor Roth IRA Conversion EXPLAINED:    • Backdoor Roth IRA EXPLAINED (how to d...   ➡️ Roth IRA Conversions EXPLAINED:    • Roth IRA Conversion EXPLAINED (Roth C...   ➡️ Tax Rates: Marginal vs Effective Tax Rates:    • Effective Tax Rate vs Marginal Tax Ra...   ➡️ Tax Bracket Management:    • Tax Bracket Management // How to Mana...   ————— Timestamps / Chapters: 0:00 - Intro 1:16 - The Basics 2:18 - Income Under $125,000 3:13 - Small Business Owners 4:32 - 2021 SEP & Solo 401k Contribution Limits 5:02 - Example 6:31 - Should I File as an S-Corp? 8:13 - Vanguard SEP IRA & Solo 401k 9:06 - Additional Solo 401k Advantages 10:39 - Form 5500 for Balances over $250,000 11:47 - Growing Business ABOUT ME 👇 I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos. My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor. Subscribe if you are interested in: #SelfEmployed #1099Income #FinancialPlanning DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.