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Content provided by Scott Frank and James Conole, Scott Frank, and James Conole. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Frank and James Conole, Scott Frank, and James Conole or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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154 - How Can I Reduce Taxes on Side Hustle Income?

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Manage episode 330357493 series 2653925
Content provided by Scott Frank and James Conole, Scott Frank, and James Conole. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Frank and James Conole, Scott Frank, and James Conole or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

Facebook LinkedIn Website

Scott

Facebook Twitter Website

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

  continue reading

193 episodes

Artwork
iconShare
 
Manage episode 330357493 series 2653925
Content provided by Scott Frank and James Conole, Scott Frank, and James Conole. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Frank and James Conole, Scott Frank, and James Conole or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

Facebook LinkedIn Website

Scott

Facebook Twitter Website

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

  continue reading

193 episodes

All episodes

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