Open a retirement account for your small business
If you have a plan in place by Dec. 31st, you have until the due date of your tax return, including extensions, to fund your plan while still taking a deduction for 2018. If it’s just yourself or yourself and your spouse, consider a solo 401(k) or SEP IRA. With new pass-through rules for small businesses, these plans allow for more flexibility to maximize deductions.
Routinely assessing where you stand can benefit you today and in the future. Don’t wait to get started, call us today. I know it can seem overwhelming, but I am here to help. Together we’ll create a plan for your Financial Fitness!