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 a phone camera, I recommend starting with a small but dedicated setup.  The creative workflow is just so much easier with a dedicated rig. I…

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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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529 College Savings Plan Explained

Today we’re talking about the 529 college savings plan explained. I’m going to go through some of the significant points of the 529 plan, things that I think are important to give you a good understanding of how you can use the 529 plan for your son, daughter, grandchild, or whichever beneficiary you choose for…

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