http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/ small business idea for not yet famous entrepreneurs Mon, 06 Sep 2010 09:52:42 -0400 http://wordpress.org/?v=2.9.2 hourly 1 http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/comment-page-1/#comment-832 Akbar B Wed, 30 Sep 2009 23:10:24 +0000 http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/#comment-832 Open an SEP IRA or invest in a Roth IRA for your retirement. Also invest in a 529 college plan for your kids and keep some cash money in a high yield savings account for emergencies. Open an SEP IRA or invest in a Roth IRA for your retirement. Also invest in a 529 college plan for your kids and keep some cash money in a high yield savings account for emergencies.

]]> http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/comment-page-1/#comment-831 Mr. Premier Wed, 30 Sep 2009 16:38:57 +0000 http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/#comment-831 Depending on your age, there is many different options. I would contact your local investment branch and see what is best for your current situation Depending on your age, there is many different options. I would contact your local investment branch and see what is best for your current situation

]]> http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/comment-page-1/#comment-830 imisidro Wed, 30 Sep 2009 16:05:53 +0000 http://entrepreneurideasclub.com/1966/what-is-the-best-way-to-invest-for-a-new-entrepreneur/#comment-830 For tax purposes, one of the best way is to open a Self Employment 401K especially if you are running a one person business (or a husband and wife). This is a special type of 401(K) plan is now available to self-employed individuals and owner-owned businesses. The Self Employment 401(K) plan allows a self-employed individual or business owners with no employees other than a spouse to open and contribute to a Self-Employed 401(k) plan and receive a tax break from the contributions. It allows you to substantially reduce your current income taxes because generally, you can deduct the entire amount of your plan contributions from your taxable income each year. Some self employment 401K plans even allow for reinvestment into real estate though some plan providers such as Fidelity does not allow real estate investments. For tax purposes, one of the best way is to open a Self Employment 401K especially if you are running a one person business (or a husband and wife). This is a special type of 401(K) plan is now available to self-employed individuals and owner-owned businesses.
The Self Employment 401(K) plan allows a self-employed individual or business owners with no employees other than a spouse to open and contribute to a Self-Employed 401(k) plan and receive a tax break from the contributions.
It allows you to substantially reduce your current income taxes because generally, you can deduct the entire amount of your plan contributions from your taxable income each year.
Some self employment 401K plans even allow for reinvestment into real estate though some plan providers such as Fidelity does not allow real estate investments.

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