Scott and James discuss how you can reduce taxes on side hustle income.
Planning Points Discussed
Timestamps:
1:10 - Listener Question
3:25 - Taxes
5:50 - Retirement Contributions
7:43 - Retirement Contribution Maximums
9:14 - Solo 401(k) v. SEP IRA
11:35 - Can My Spouse Contribute?
14:27 - Target Income & Timeframe
16:11 - Aligning Your Financial Goals
LET'S CONNECT!
James
Scott
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