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154 - How Can I Reduce Taxes on Side Hustle Income?
Manage episode 330357493 series 2653925
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
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
193 episodes
Manage episode 330357493 series 2653925
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
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
193 episodes
All episodes
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