Retirement Plans for Full-time Traders

Recorded Nov. 14, 2012

The best retirement plan for business traders is an Individual 401(k). It maximizes income tax savings vs. self-employment tax or payroll tax cost. Set it up before year-end in connection with your trading business. Roth IRAs provide an opportunity for permanent tax savings on trading income. Consider a Roth conversion before year-end. And there’s no need to worry — you can do a re-characterization if it doesn’t work out well.

Testimonials

Hi Star, Thank you very much of your help for the tax preparation.  Just an FYI, ... Thanks again for your wonderful work and help.  :)

YW

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