I talk about protecting our southern border by building a big beautiful wall and a moat that has sharks with frickin laser beams attached to their heads. I also discuss running tax projections before you incorporate.

Today I discuss a few self-employment situations and compare filing as a sole proprietor vs. an S-corp. I explain FICA taxes and when you should create an S-corp or LLC. A news article prompts me to remind people to protect themselves by using a custodian. Other topics include:

• Approaching 4/30 deadline for filing and suspending social security benefits and funding IRA's.
• Explanation of how tax inversion hurts our economy.
• A warning on equity-indexed annuities and variable annuities with income guarantee riders.
• Jumpstarting your children’s retirement with Roth IRA contributions over a 529 plan.

 

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.