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

I hope that you are holding up well during the tax season. I wanted to take a minute to express my gratitude for taking care of our first partnership tax return preparation.  Mandy (Amanda Smitson) was very easy to work with and her professionalism was outstanding.  I don't know if you do customer satisfaction surveys, but if you did there would be nothing but top ratings for her and her work. I look forward to the same type of experience once we get started with our joint return for 2014. Thanks.

Gary

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