Rebecca from California
👤 SpeakerAppearances Over Time
Podcast Appearances
Well, I will say I do live in a smaller town. I'm not in Detroit. But I just do Department of Natural Resources work.
Well, I will say I do live in a smaller town. I'm not in Detroit. But I just do Department of Natural Resources work.
Well, I will say I do live in a smaller town. I'm not in Detroit. But I just do Department of Natural Resources work.
I guess I just don't know what to do in the summer then. I know you don't because you haven't looked for it.
I guess I just don't know what to do in the summer then. I know you don't because you haven't looked for it.
I guess I just don't know what to do in the summer then. I know you don't because you haven't looked for it.
Hi George and Ken. Thank you so much for taking my call. Um, my question, a little bit of a background. Um, I started a business in 2023 and it took a little time to get it ramped up. So I didn't make that much in 2023. Um, so the taxes that I paid were relatively low. Um, but in 2024 I did much better.
Hi George and Ken. Thank you so much for taking my call. Um, my question, a little bit of a background. Um, I started a business in 2023 and it took a little time to get it ramped up. So I didn't make that much in 2023. Um, so the taxes that I paid were relatively low. Um, but in 2024 I did much better.
Hi George and Ken. Thank you so much for taking my call. Um, my question, a little bit of a background. Um, I started a business in 2023 and it took a little time to get it ramped up. So I didn't make that much in 2023. Um, so the taxes that I paid were relatively low. Um, but in 2024 I did much better.
Um, and I, as I was, uh, giving all my documents to my tax preparer, I said, Oh my gosh, I'm sick. I can just imagine how much I'm going to have to pay in taxes. is there anything I can do to reduce my tax bill? Um, I'm in real estate and I said, aside from purchasing properties, I'm not in that, um, in that mode yet.
Um, and I, as I was, uh, giving all my documents to my tax preparer, I said, Oh my gosh, I'm sick. I can just imagine how much I'm going to have to pay in taxes. is there anything I can do to reduce my tax bill? Um, I'm in real estate and I said, aside from purchasing properties, I'm not in that, um, in that mode yet.
Um, and I, as I was, uh, giving all my documents to my tax preparer, I said, Oh my gosh, I'm sick. I can just imagine how much I'm going to have to pay in taxes. is there anything I can do to reduce my tax bill? Um, I'm in real estate and I said, aside from purchasing properties, I'm not in that, um, in that mode yet.
Um, and he said that, um, I could, I have a Roth, a self directed Roth IRA, but that won't reduce my tax bill. Um, He said I could, uh, open a traditional IRA, a step, a simple IRA or self-directed 401k. But at this point, my only option is a traditional IRA, um, for 2024 tax benefits. Is it beneficial for somebody self-employed to open a traditional IRA for tax benefits?
Um, and he said that, um, I could, I have a Roth, a self directed Roth IRA, but that won't reduce my tax bill. Um, He said I could, uh, open a traditional IRA, a step, a simple IRA or self-directed 401k. But at this point, my only option is a traditional IRA, um, for 2024 tax benefits. Is it beneficial for somebody self-employed to open a traditional IRA for tax benefits?
Um, and he said that, um, I could, I have a Roth, a self directed Roth IRA, but that won't reduce my tax bill. Um, He said I could, uh, open a traditional IRA, a step, a simple IRA or self-directed 401k. But at this point, my only option is a traditional IRA, um, for 2024 tax benefits. Is it beneficial for somebody self-employed to open a traditional IRA for tax benefits?
Should I have an additional retirement account besides the self-directed Roth IRA for any, because my expenses for my business, my startup expenses, I had some more, but now my expenses are very minimal. So the amount of deductions that I have are very small. So the only thing that he said that could reduce is either purchasing real estate, which again, isn't my mode of operation.
Should I have an additional retirement account besides the self-directed Roth IRA for any, because my expenses for my business, my startup expenses, I had some more, but now my expenses are very minimal. So the amount of deductions that I have are very small. So the only thing that he said that could reduce is either purchasing real estate, which again, isn't my mode of operation.
Should I have an additional retirement account besides the self-directed Roth IRA for any, because my expenses for my business, my startup expenses, I had some more, but now my expenses are very minimal. So the amount of deductions that I have are very small. So the only thing that he said that could reduce is either purchasing real estate, which again, isn't my mode of operation.