Qualified retirement plans are one of the best tax shelters available. They take advantage of the tax-saving strategy of tax deferral. The basic premise is to reduce taxes due now with a tax deduction on the amount invested in a retirement plan, letting it grow tax free, and paying taxes only when the funds are withdrawn in the future. In this video I discuss the advantages and disadvantages of the various retirement plans.
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Be sure to check out my blog, “Small Business Profit Maximizer!” Where I share these videos and other ideas you can use to make this your most profitable year ever! Click https://wjb-cpa.typepad.com/ to go to the blog page. .
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Finally, if you have a question or wish to talk to me you can email me at Wayne@wjb-cpa.com or call my office at 915-857-8158.
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Thanks so much and let’s make this our most profitable year ever!