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.

05/26 ChatGPT Explains Trader Tax Benefits More on ChatGPT Explains Trader Tax Benefits

04/18 Highlights From Green’s 2023 Trader Tax Guide More on Highlights From Green’s 2023 Trader Tax Guide

03/14 Tax Extensions: 12 Tips To Save You Money More on Tax Extensions: 12 Tips To Save You Money

03/13 Tax Relief In Disaster Situations More on Tax Relief In Disaster Situations

02/15 Tax Tips For Traders Preparing 2022 Tax Returns More on Tax Tips For Traders Preparing 2022 Tax Returns

Testimonials