For those who work a "day job" that offers a #401k plan + you own your own company... YES, you can double dip by opening a second 401k plan for your #business. BUT, only the employER portion. And, your business can't be a client of your day job. Just one of the rules...

3 kinds of underwriting for term #lifeinsurance to receive an offer for the #ficommunity: Instant (costs the most) - within hours, Fluidless -within days or weeks, Full - weeks to months.

At this point, if you were hoping to start a 401k by year end and have employees, you'll have to pass certain testing requirements. You'll only be able to contribute 2% over what all eligible employees contribute... including the 0%ers. Start a Safe Harbor for 2022 ASAP.

Here's one for the #financialindependence community.

End of the year is near! What last minute financial goals are within reach?!

Who can help me get to 5,000 followers this weekend? 💁‍♂️💁‍♂️🆘🆘

New 44 yr. old #Entrepreneur 401k plan Income from S-Corp: $160k Total Revenue: $900k (ish) 2022 401k Cont: $20.5k 2022 Prof. Shar.: $9.6k 2022 Cash Balance Plan: $128k 🔥Tot. 2022 PRE-TAX Cont: $158,100🔥 #financialindependence #selfemployed #taxplanning

401(k) Options When Leaving Your Job wp.me/p2v5Ey-zK?utm_…

Scour your closets, basements and garages folks! Start selling what you don’t need. Everything is off sale!!! 😂😂

Buy real estate and HOLD it forever! Rents + capital growth = larger net worth and passive income. 🤦🏼‍♂️ #realestateinvesting #duh

If you’re looking for over $1 million in total coverage, Laddering your policies might end up cheaper monthly. However, if you use a FI-friendly carrier where you can lower the db… the lifetime out of pocket is much closer than you think. #financialindependence

I’ve seen the 401k Controlled Groups implemented incorrectly lately. If you own multiple businesses OR work for company and own a business, you have an opportunity to “double dip” your benefits. Just be careful!! lifeincrs.com/2021/12/what-i…

Now that we're into 2022, let's put procrastination on the back burner for now.

Just learned that TD Ameritrade won't be allowing Roth Solo 401ks come June. You'll need to move the plan to another institution, or hire a TPA and move to their Tax Exempt Trust side.

If you're an entrepreneur and you're interested in having money work for you, check out this episode with Matt Ruttenberg 📺 Money Management Secrets for Entrepreneurs That Want to Succeed 💰✌️ ▶️youtu.be/_pbI8n3dod4 #podcast #Entrepreneur #MoneyManagement #Successful

SECURE 2.0 opened up a TON of tax credits to start a 401k for your business. It’s absolutely possibly to create a “net $0” plan for the first couple years. See for yourself. Lifeincrs.com/tax-credits

2 questions will narrow down your retirement plan choice as a business owner: #1: What’s your priority? (You or your employees) #2: How much do you want to save? This will narrow down the type (401k, Simple IRA, etc), and give you a clear path on the design.

⏱️📊 Time is valuable. Don't waste it worrying. Get your free online quote today and let's secure your future. #TermLifeInsurance #FICommunity #financialindependence