Chris Kline

That's your max contribution every year.

With a SEP, you can get up to 56, 60,000.

So now you're taking that tax bill, that taxable income, and you're lowering it by even greater numbers, right away saving yourself money instantly, getting more purchasing power with your money.

With solo Ks is great for if you don't have employees and it's just say like you and your wife or me and my wife, and we have a business, you can actually get upwards of $150,000 a year tucked away into tax deferred settings.

Solo K is for individual business owners.

So you have an LLC or an S corp.

You and your wife are the only employees and you are channeling your income from wherever you're making it through.

I'm sure you do the same way.

I have an S corp that I pay certain things through an LLC.

I have the money land at and I funnel funds through to lower my overall tax bill.

But in that process, the business can then contribute employee contributions and employer contributions.

So you're the business owner, you're giving yourself 50,000.

And as an individual, you're saying, I'm going to take 50,000 of my K1 income and tuck it in there as well.

Now you're lowering your tax bill by 150.

What's really cool about solo case is you can take loans against.

So I was yesterday I saw our friend Julia Yahoo Finance, which, by the way, she she is such a contrarian to our world.

And I think I broke her walls down a little bit, but.

um she's one thing she said was you know pop says he's never going to sell his bitcoin and neither is his grandkids and i said well yeah it makes sense he's probably going to tuck it in a trust and he's going to take loans out against it so they can live off those loans like every wealthy person in america is doing his assets just not dollars it's bitcoin but he's going to do the same strategy just with a different asset class and she goes oh that makes sense you can do the same with a solo k you have the funds sitting there in bitcoin you can start taking up to 50 of the value out in loans

tuck it in as into a trust concept for yourself.

And now your kids, grandkids and great grandkids are set up where they can hold that Bitcoin forever, but utilize the power of it in collateral and leverage.