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Solo 401k Provides Unfair Tax Advantage For Self Employed Business Owners

Much Needed Tax Relief For 2009 Is Available, But You Must Open A Solo 401k By Dec 31st, 2009. Nabers says setting up and contributing to your Solo 401k before the end of 2009 will allow married couples to deduct up to $109,000 from their 2009 income taxes. Watch this video to learn more and pick up the phone right now as time is of the essence. The Nabers Group can be reached at 877-903-2220.

Take advantage of this unfair tax break being offered now to the self employed.

Buying A Business Or Franchise With A Rollovers As Business Startups Is A Big No-No According To Nabers

Thinking about rolling over your 401k to purchase a new franchise or a personal business venture, then you might want to think again?

Authors Jeff Nabers and Phoebe Chongchua (Five Steps to Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery) suggest that using an investment structure known as Rollovers As Business Startups (ROBS) to fund a business startup or franchise is an IRA prohibited transaction.

Jeff Nabers is CEO of Nabers Group, an unconventional planning company in Denver, Colorado. His research and personal dealings with the Department of Labor compel him to recommend against the Rollovers as Business Startups strategy.

Nabers Group can be reached at (877) 903-2220.  Watch more Nabers videos.

Should You Convert to a Roth IRA in 2010?

Search the internet for “Roth IRA Conversion 2010” and you will find pages and pages of advice telling you that the Roth conversion is a sweet deal.

But is it?

Well first, [Read more...]

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