Building a successful solo business is exciting, but don’t let planning for retirement fall by the wayside. Defined benefit plans, traditionally associated with large corporations, can be a powerful tool for solopreneurs to achieve financial security in their later years. What Exactly is a Defined Benefit Plan? Unlike traditional IRAs or 401(k)s where the retirement...
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Plan Your Peace of Mind: 8 Estate Must-Dos
While discussing death and estate planning isn’t always comfortable, it’s a crucial way to ensure your wishes are met and your loved ones are taken care of after you’re gone. Here’s an updated look at the eight essential steps for estate planning in 2024: 1. Secure Your Legacy with a Will: Having a legally sound...
Tax Deduction 101
Are you an entrepreneur and ever wanted to ask someone about tax deductions but were to scared to ask? Well, no reason to ask the Tax Deduction 101 course is here. Before getting into tax deductions one must ask if it makes tax sense to own a business. Does it, indeed, make sense? Tax Advantages...