Thinking about starting your own business? There are a lot of things you need to plan for before you can go around bragging about running your own corporation.

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New Focus on Wealth with Chad Burton

Business


Being able to tell people you own a corporation just sounds cool. Though the phrase might is indeed fun to throw around, the responsibilities and everything that follows are not. Health insurance benefits, 401k match and disability benefits go away... but at least your taxes go up! Today I tackle self employment issues, maximizing your retirement savings and how to minimize the dreaded self-employment tax. Other topics: Looking at how the stock market preformed last month Are stimulus checks taxable? Managing your cortisol and inflammation levels   Email your money question to chad@newfocusfinancial.com , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)   Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.