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Investment InformationSAFELY PROTECT YOUR House BASED DREAM OF RETIRING WEALTHY!
by:
Dr. Scott Brown, Ph.D.
The SIMPLE retirement account is amazing if you own your own business. Any family business applies such as a house based or “brick and mortar” real estate rental and investment business, car-wash, gas station, restaurant, etcetera, can sponsor the SIMPLE IRA. Like the SEP-IRA, the SIMPLE IRA is company-sponsored. As a small business owner, for 2003 for instance you could have matched each employee's pay up to 3 percentage or $8,000, whichever is less.
That adds up to a lot of money once
it is a profitable business and family members are employees. SIMPLE IRA contributions are fully deductible once
you put the money in the account but you wish have to pay taxes on any profits you do on the stock once
you retire. In addition to a SIMPLE IRA accounts, individuals and house based small businesses have an additional option to sock away money toward futurity retirement educational inevitably through educational IRAs.
Small businesses, which cannot afford to sponsor a 401(k) or 403(b), can besides offer employees basic retirement plans established for the benefit of their employees. Sole proprietors besides now besides can open individual 401(k) plans. Examine the options and pick the one that maximizes your long-range savings goal. And don't wait. Take advantage of compound earnings and start socking away cash now for tomorrow.
Just about the author:
Just about THE AUTHOR: Dr. Scott Brown, Ph.D., a.k.a. “The Billfold Doctor”, is a booming futures trader, real estate investor, and stock investor. Dr. Brown holds a Ph.D. in finance from the University of South Geographic area and a Master in International Management from the prestigious American Graduate School of International Business a.k.a. Thunderbird. His 1998 articles in Technical Analysis of Stocks and Commodities were adumbrative in predicting an at hand stock market crash. He has helped galore folk become profitable investors teaching them to look out over galore years to spot stocks that are low and fit for rise in the new bull market. His second article met with approval by Dr. Bob Shiller of Yale University. Dr. Shiller is the economic expert that Alan Greenspan most extremely
regards who coined the term “Irrational Exuberance.” In 1998 he was shouting out to the earth to “get out” of the stock market but now he is shouting to everyone that it is time to “get in!” The Billfold Doctor is not only sought-after after for investment proposal
and coaching job in stock investment but besides in futures commerce and real estate investing. He besides teaches investment in Spanish and Portuguese. For much information visit Dr. Brown’s site at www.BonanzaBase.comor sign up for his investment tips at www.WalletDoctor.com
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