How To Retire Wealthy From A Home Based Business

 


Visitors: 380

The retirement account I am going to tell you about is really neat if you work for a small company or own a family business that is home based or “brick and mortar. ” A company-sponsored IRA can even be opened by the smallest of businesses known the “sole proprietor”. Under the SEP-IRA plan, an employer (your boss or any business entity you or your family owns that is recognized be the IRS) can contribute to an employee's existing IRA.

The penalties for early withdrawal remain the same as with the traditional IRA. Contributions are deductible. If you are a small business owner, IRS Publication 590, Individual Retirement Arrangements, explains the contribution limits for these plans and your accountant can advise you. You can set one up with an online stock brokerage to invest in the stock market to legally avoid taxes on some of the profits of your business. Self-employed taxpayers have a different standard for contribution limits than employees of a firm that offer a SEP-IRA plan.

SEP-IRAs are flexible for employers. An employer does not have to contribute every year. The contributions are tax-deductible. Once you have the account open you buy and sell stocks using the techniques such as those that I teach!

ABOUT THE AUTHOR: Dr. Scott Brown, Ph. D. , a. k. a. “The Wallet Doctor”, is a successful futures trader, real estate investor, and stock investor. Dr. Brown holds a Ph. D.in finance from the University of South Carolina. His 1998 articles in Technical Analysis of Stocks and Commodities were prophetic in predicting an impending stock market crash. He has helped many people become profitable investors by teaching them to look out over many years to spot stocks that are low and primed for rise in the new bull market. His second article met with approval by Dr. Bob Shiller of Yale University. Dr. Shiller is the economist that Alan Greenspan most highly regards who coined the term “Irrational Exuberance. ” In 1998 he shouted to the world to “get out” of the stock market but now he is shouting to everyone that it is time to “get in!” The Wallet Doctor is not only sought after for investment advice and coaching in stock investing but also in futures trading and real estate investing.

Visit Dr. Brown’s site at http://www.BonanzaBase.com or sign up for his investment tips at http://www.WalletDoctor.com

(421)

Article Source:


 
Rate this Article: 
 
Home Based Business - 4 Ways to Use Articles to Boost Your Home Based Business ..
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Wealthy Affiliate Info - Affiliate Home Based Business

by: Anthony Ajouri (September 04, 2008) 
(Home Based Business)

Got a Boss - But Still Want to Retire Wealthy

by: Xavier Johnson (October 23, 2006) 
(Finance)

How to Retire Wealthy - Learn the Best Solution

by: Pete Miguel (October 29, 2008) 
(Investing/Retirement Planning)

How to Retire Healthy, Wealthy and Wise.

by: Rhiannon Williamson (April 20, 2005) 
(Finance)

Success Guide - How To Choose The #1 Home Based Business - Internet Home Based ..

by: Ricardo Razon (May 05, 2007) 
(Home Based Business)

Home Based Business Residual Income - The Joy Of Success In Home Based Business .

by: I-key Benney (June 11, 2007) 
(Investing)

Manageable Home Based Business - 3 Key Things To Note To Manage Your Home Based .

by: Kian Ann Tan (January 08, 2008) 
(Home Based Business/Network Marketing)

Lucrative Home Based Business - 3 Top Ways to Make a Profit With Home Based ..

by: Sean Ray (July 25, 2007) 
(Home Based Business)

Home-Based Business Pitfalls - Check List to Research Home-Based Business Offer

by: Aija Pelshe (August 27, 2008) 
(Home Based Business/Network Marketing)

Home Based Business - 4 Ways to Use Articles to Boost Your Home Based Business ..

by: Sean Mize (October 26, 2006) 
(Writing and Speaking)