Info

Advanced Freelancing

Learn more about freelancing and owning your business and your time from six-figure freelancer Laura Briggs.
RSS Feed
Advanced Freelancing
2022
August
July
June
May
April
March
February
January


2021
December
November
October
September
August
July
June


2020
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December


Categories

All Episodes
Archives
Categories
Now displaying: Page 1
Mar 30, 2017

Freelancers know how important it is to save for retirement, yet many put it off. Perhaps you don’t know how to start, you’re tempted to put that money back into your business, or you just can’t spare a substantial amount at the moment. Whatever the case, today’s guest can help change your mindset and give you the tools to start investing in your future before it’s too late.

Moshe Amsel is a tax consultant, personal finance coach and business strategy consultant with 20-plus years of experience in the information technology arena. He is also the host of the DreamBuilder Financial Podcast, a program aimed at simplifying and enriching the financial lives of individuals and small businesses. Listen in as he explains the tax benefits available to entrepreneurs and tactics that will help you start saving small to facilitate sustainable change. Making the right decisions now can have profound long-term effects, so let’s get started!

 

Key Takeaways

The significance of saving for retirement early on

  • Allows freelancer to provide for self in the long term and build financial legacy
  • Provides tax benefit by sheltering that money

 Moshe’s tips for getting started

  • Exercise your saving muscle first
  • Then decide where to park the money
  • Start small, then work up to a percentage goal
  • Establish a separate bank account

 Retirement plan vehicles for solopreneurs

  • SEP
  • SIMPLE IRA
  • Individual 401(k)

 The benefits of hiring a professional to assist with retirement planning

  • Understand complicated tax law
  • Determine the best plan for your particular scenario
  • Maximize tax benefit
  • Recognize all available options (i.e.: real estate investment)

 Moshe’s advice for balancing the competing priorities of debt vs. retirement

  • Knock out your debt first
  • Then focus all energy on retirement goals
  • Productivity is lost every time you split your efforts

 

Resources

Profit First by Mike Michalowicz

Todd Herman’s 90-Day Year Videos

Entrepreneur Retirement Guide

 

Connect with Moshe Amsel

Website

Periscope Live

Podcast

Facebook

Twitter

0 Comments
Adding comments is not available at this time.