Pensions for the self-employed. With a business to run, planning for retirement might be the last thing on your mind. But setting some retirement goals now, could really pay off in future.
Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier.
If you work for someone else, your employer will withhold your share of Social Security and Medicare taxes (FICA taxes) from each paycheck and send them to the IRS on your behalf. But if you’re self-employed, you generally have to pay both the employer’s and employee’s share of...
Get started: Your options for brokerages are more limited than with the above accounts, but Charles Schwab offers defined benefit plans. The details People often lament the decline of pension plans, and this is exactly that: If you’re self-employed, you can set up your own pension — a ...
Everybody would like to be their own boss, but like everything in life there are pros and cons to being self-employed. On the plus side, you are totally in charge of your destiny as a self-employed person and you can organise your own hours. ...
Completing your Self Assessment can be daunting. Read this guide on submitting a tax return for sole traders or self-employed and learn all you need to know.
Our situation is that my wife retired a couple of months ago and had a pension. I retired with a pension fourteen years ago but I continue to work part time. I will start receiving SS at FRA in a couple of months and at that time my wife will start receiving her spousal benefit. Ou...
Making time for a job interview when you’re still employed can be tough. It suddenly can get a lot tougher if your interviewer asks where your current boss thinks you are right at that moment. Uh, busted? Tips: The interviewer probably wants to know how you treat your current boss as ...
pension schemes, for example a system in which everyone is obliged to join a pension savings and take out occupational disability insurance, even groups that are unable or unwilling to do so, such as self-employed persons. The obligation, however, would be limited to an insured minimum income...
Get started: Your options for brokerages are more limited than with the above accounts, but Charles Schwab offers defined benefit plans. The details People often lament the decline of pension plans, and this is exactly that: If you’re self-employed, you can set up your own pension — a ...