Retirement Plan Contribution Deadlines

2021 Solo 401k Contribution Deadlines Tax Entity Type 2021 Contribution Deadline 2021 Extension Contribution Deadline Sole Proprietor (Schedule C)April 15th, 2022October 17th, 2022LLC (Schedule C)April 15th, 2022October 17th, 2022PartnershipMarch 15th, 2022September 15th, 2022S-Corporation (Employer Contribution)March 15th, 2022September 15th, 2022S-Corporation (Employee Contribution)January 31st, 2022Not EligibleS-Corporation (Non-Deductible Employee)March 15th, 2022September 15th, 2022 2022 Solo 401k Contribution Deadlines…

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EIDL Grant Program Update July 5th 2021

The EIDL Grant Programs are still going.  You can potentially qualify for up to $15,000 from all programs.  The amounts are for the grants as long as you use the money correctly and of course apply. Here is the page to apply on the SBA’s website.  Click the button to apply and complete all of…

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Solo Roth 401k Calculator Walkthrough

solo roth 401k worksheet

In this video I’m talking about the Solo Roth 401k deduction worksheet found in IRS publication 560.  The calculation worksheet is for the contributions to the Solo Roth 401k and include pre-tax contributions based on your self employment income. The Solo Roth 401k calculation is the maximum pre-tax deduction with maximizing the direct contributions to…

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Gear Used in Youtube Videos

I’m a financial advisor on youtube, but the gear used in my videos and podcasts can be used for any talking head videos or podcasts.  While you can start with the camera on your phone, I recommend starting with a small but dedicated setup.  The creative workflow is just so much easier with a dedicated…

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Roth IRA Vs Traditional IRA Explained

Roth IRA Vs Traditional IRA

When you decide between the Roth IRA and Traditional IRA, there are differences such as income limits, contribution limits, and various rules that will impact your decision.  However, it usually comes down to taxes and whether or not you want tax-free income in retirement. But knowing how the Roth IRA and traditional IRA can work…

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