hi this is Brad Rosley welcome to this week's version of smart money today
we're going to talk about self-employed also known as solo 401k as a name
implies these these are good for people that are self-employed with the
exception of being able to include your spouse if he or she works in the same
business so these are not for people that have w2 full-time employees years
ago I started my own business I start off with what's called a SEP IRA SCP IRA
as many self-employed people are familiar with in the SEP IRA you're
allowed to save a percentage of your income from the employers standpoint
into a retirement plan and these are nice plans several years back a new
option came across my desk that I jumped on and it's called this solo or
individual 401k first thing I liked about it as most people will is that
there's no cost to set it up or at least very little cost if any so you can set
up this program unlike a traditional 401k that many people are familiar with
at larger companies those plans have a lot of expenses that are charged back to
the employer kind of behind the scenes those expenses make it unattractive for
a smaller employer to set up before 1k but with the solo 401k there's virtually
no expenses at all there are also set up through brokerage
companies you can invest your solo 401k money in stocks bonds mutual funds
exchange-traded funds CDs money markets you name it so they're very flexible on
allowing you to create your investment portfolio let's suit your needs the real
exciting part though is the amount of money you can invest in these programs
the amount is a percentage of what you make is really extraordinarily unlike a
SEP which is 20 or 25 percent of your income the solo 401k as the name implies
allows you to put away on a salary deferral a 401k contribution dollar for
dollar up to the first $18,000 of urine for example with a SEP IRA if you could
put away 25% of your income times let's just say you had a side job and made 10
grand 25% of that is obviously 2500 bucks
however if you had a solo for 1k you could put away all $10,000 of that
income all tax-deductible the 401k contribution limit for 2017 is $18,000
so you could put away your first 18 grand tax deductable in your salary
deferral if you happen to be over 50 you'll get the opportunity to put away
another 5 grand and call it a catch-up contribution that brings your 401k
contribution up to $24,000 a year and it's only going to go up in addition to
that you still get to make that SEP IRA contribution or the 20 or 25% depending
on whether or not you're an S corporation or e a sole proprietorship
so let's take a couple examples they'll put them on the screen here next to me
let's say you made $50,000 this year as your net income well if you're under 50
you get away you get the opportunity to put away 18 grand in the 401k plus
another 25% 25% of 50,000 is 12,500 so you get to put away 18,000 plus 12 5 or
just thirty thousand five hundred dollars tax deductable of your $50,000
income that's sixty percent of your income if you happen to be over age 50
and another six grand on that at the catch-up contribution which is 24
thousand now for their 401k plus a 12 five or a total of 36 five that's a lot
of money 36 five are your 50 grand you're not
paying income tax on that saves you a boatload in FICA and income tax I'll do
one more example let's say you made a hundred and fifty thousand dollars this
year the same 401k contribution eighteen thousand if you're under age 50 or up to
twenty four thousand dollars if you're 50 year older plus the 25 percent if you
have an S corp that you can put away into the SAP 25
percent times 150,000 along with the cap on this plan is $60,000 total you're
allowed to put in $60,000 and if you have a in income of $150,000 or more in
your solo 401k if you make I'm sorry if you're under age 50 your cap is at fifty
four thousand so that's where you'd be either case it's a lot of money as a
percentage of your income what happens if you don't have that kind of money you
don't have to make any contribution you have a slow year or you don't have the
funds available don't make a contribution here is a good year go
ahead and make a contribution it's very flexible that way that's a very nice
thing as a small business owner a lot of times their cash flow might jump up and
down year to year three other things the factor one is you can make a Roth 401k
contribution meaning you're using after-tax money and the money comes out
tax-free that's an option you can choose to do with or without or for some of
your contribution but not all on the employee side the employer contribution
is always tax deductible only second thing you want to consider there's a
1231 deadline to set the plan up you have to have all the documents in before
the end of the calendar year the good news is the deadline to make a
contribution is not until April 15th of that year I should say on the file in
here your texture so have the plan set up by 1231 and then you have to April
15th of the following year to make your contribution in any case always always
always check with your tax preparer to make sure you're following the rules and
guidelines I've written about this in a blog post I have this in other videos
available on our YouTube channel so please check them out and subscribe to
both of them so you'll stay in the loop and get future posts when they come out
thanks for listening have a great day
For more infomation >> Solo/Self-Employed 401k! A Dream Retirement Plan! (Save $60k/year!) - Duration: 6:36.-------------------------------------------
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MUSIC PLAYING
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All Def Comedy l Teaser Trailer ft. DeRay Davis, Jess Hilarious & More | HBO - Duration: 0:56.
-Yeah! -(CROWD CHEERING)
All Def, what up?!
♪ Last Def Comedy ♪
You can't be a policeman in the hood if you ain't hood.
You can't pull me over if you don't know Migos.
What are you pulling me over for?
Over for, over for, over for?
(LAUGHING)
To a man over 50, I'm a bad bitch.
I love dating older men 'cause they do stuff for me,
like they make sure my oil is changed.
(AUDIENCE LAUGHING)
I realized when white people find shit,
they call "Lost and Found."
When black people find shit, they call... it "A blessing."
I'm a school teacher. That's right!
I'm the definition of "No Child Left Behind"!
(LAUGHING)
♪ All Def, all day ♪
♪ All Def is back! ♪
Let 'em know we in here!
♪ All Def, All Def ♪
♪ Comedy, comedy ♪
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Two Accused Of Using Stolen Credit Cards At Aventura Mall - Duration: 2:46.
For more infomation >> Two Accused Of Using Stolen Credit Cards At Aventura Mall - Duration: 2:46. -------------------------------------------
Chicago's Inclusive Economy and the Creative Sector - Duration: 0:51.
Creative genius does help to fuel the economy.
But we need to, I think the puzzle before us
is how do we do that in communities
that have been off the grid in sustainable ways
that still nurture those communities.
And I want to suggest that I think what has been
demonstrated is deep institutionalization.
We must support the institutions
that are helping to make that work possible.
We have to support the individuals,
the artists themselves from those communities
and then create more really viable outlets
so that that can be sustainable for the communities
within which this stuff is so often
they're on the margins of.
-------------------------------------------
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buy at thedopeproductions.com
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Spotlight - 2006 Chevy 2500HD, Leveled, 20x12 -44's, and 33's - Duration: 6:37.
- Hey guys, Shawn with Custom Offsets,
Custom Offsets TV on YouTube.
Got Anthony's truck here today to slap some wheels on.
It's gonna be 2006 Silverado 2500HD Duramax.
It's gonna be on a level with 12 wides
and basically 33 1/2s.
Let's go.
♪ Big trucks, decked out ♪
♪ Rollin' through the wood and they flexed out ♪
♪ Rims so big and the windows black ♪
♪ Got the light all lit up ♪
♪ Double chromed out stacks ♪
♪ Yeah we let it get 'em dirty ♪
♪ But still they so clean ♪
♪ Custom Offsets team stands to achieve ♪
♪ They on top of it now ♪
♪ We ain't never gonna fade ♪
♪ So you better get ready ♪
♪ We're taking over the game ♪
(electronic music)
- So like I said, it's gonna be a 2006 Duramax.
It's gonna be a 2500HD
and what he's got in here is gonna be a level.
If you look front to back,
he's got the keys up a little bit.
I would say that the front's at about a three inch level
so it's got just that touch of squat in the rear,
probably half inch to an inch of squat.
So even with that, with that leveling kit in here,
with these 12 wides, they're the Scorpions in that red tint,
he's gonna have 305/55R20.
So let's slow down.
I'm gettin' ahead of myself, Mason.
So what the 12 wide, -44,
is gonna have a big ol' lip.
The Scorpion was definitely paying attention
to what you guys wanted.
And you see it gobbles up that bill.
Between where that ridge is,
you're talking almost eight inches.
Out in front of the spokes, it's over six inches,
damn near six-and-a-half inches.
So big lip wheel.
It's got that red tint on there.
I don't know if you can get in close
on some of these rivets Mason, but you'll basically see,
it's got the clear coat is tinted red.
So it's not like a bright painted on after the fact red.
It's an actual translucent red
where you can the milling underneath it
and then when the sun hits it,
the whole wheel gets like a black cherry glow to it.
You can see we actually featured these in the Hot n New,
so you can go see the details on that,
but that's it, 20x12, -44.
And then he's got the Ridge Grappler on here.
Super popular tire because it's that hybrid
and it's a 305/55.
So what that means is it's about 33 1/2 inches tall
and then it's about 12.3, I believe, wide.
So it's taller than your 33/12 1/2.
What that means with that 12 wide -44 and then that 33 1/2,
basically is you have to do a full NorCal.
So you have to do a full NorCal in the back,
fold all of the metal up underneath and then up front,
you've got to take off the corner of that bumper.
And then you've got to take off the bottom of that valence
all the way down to sweep through there
so that you don't catch it.
And it may, backing out of a driveway at crank,
catch that washer bottle.
You'll see what we do, we just throw some rattle paint
on the washer bottle.
You can also do plasti dip or something like that,
but just to kind of mask it up,
otherwise you've got this big white bottle hanging out.
It may rub on this edge,
but as long as you're not driving around at full crank
in reverse all the time, it's negligible
and it's rarely gonna rub on there.
But if you wanted to do a Silverado
and you want to do a leveling kit with 12 wide 33 1/2's,
that's what you're going to have to do
because it's always going to rub,
they're square wheel wells.
Stop being upset with us because we trimmed it
because that's what you have to do
if you want to have this look.
So if you look front to back,
you'll see you've got that nice short squatty look,
but you got wheels and tires
that come out three to four inches up front
and just a little bit less than that in the back,
'cause of course Chevy's got that front wider track width.
And then front to back,
you'll see lots of things are blacked out.
He's got the headlights are the cleared out version
and then they've got a black tint over 'em
just to darken them out.
He's got the quad cubes up front.
So where the fogs used to be,
he's got a pair of cubes on each side.
And then you'll see,
he also did the after-market cab lights up top,
which are a tinted cab light.
So he's definitely going for the blacked-out theme
and then you're firefighter license plate.
He is actually a firefighter, so it's pretty convenient.
He came during firefighter month.
So you'll see he's got the visors, again blacked-out
for the windows up front.
Come back here, blacked-out tails.
So they're the clear LED tails by Spyder
and then they've got the smoked lenses
give them that blacked-out look and then third break light,
you'll see the same thing.
It's going to be the clear with the blacked-out to match.
And then he's got after-market exhaust.
I believe he said Turboback.
So you'll see the full exhaust system.
And then the mirrors are gonna be stock mirrors.
I'll give you a peek inside.
From what we understand this is the LT3.
So this truck's got everything that the LTZ would have
except for the screens in the headrest
and then the moon-roof, but it's got full leather,
full wood grain, did after-market stereo in it.
Peek at the backseat.
It's a full crew cab.
Really clean truck for an '06
with 200 and some thousand miles.
It's well taken care of.
And then he's got the Custom Offsets lifted decal
on the front there.
So that is it, that is your 2006 Silverado 2500HD Duramax
with the 12 wides and the 305/55s,
making em a little taller than that 33 1/2
on a leveling kit with a full NorCal mod.
Peace.
(electronic music)
-------------------------------------------
CBC NL Here & Now Tuesday 28 2017 - Duration: 1:01:33.
For more infomation >> CBC NL Here & Now Tuesday 28 2017 - Duration: 1:01:33. -------------------------------------------
Un volto nella folla (1957) - Duration: 2:47.
- Go right ahead, general. - We've got to face it.
Politics have entered a new stage, a television stage.
Instead of long-winded public debates, the people want capsule slogans.
"Time for a change." "The mess in Washington."
More bang for a buck. Punch lines and glamour.
Yes, Mr. Pervis, even glamour.
General Haynesworth, my papers have supported Worthington Fuller...
...from the first day he ran for public office.
He's not a grandstander, a backslapper or a baby-kisser.
That's exactly what he's got to become.
A majority in this country don't see eye-to-eye with him.
We've got to find 35 million buyers for the product we call Worthington Fuller.
- I think you underestimate the respect... - Respect?
Did you ever hear of anyone buying any product, beer, hair rinse, tissue...
...because they respect it?
You gotta be loved, man.
Loved.
I may be a bit old-fashioned, but it seems to me there is still a distinction...
...between politics and, well, the field you're in.
Bull.
Do you know what you need to lift your rating from 4.2...
...to 51.7?
You need... Now, hold on to your hat, my friend.
You need a whole new personality.
A new personality?
But, frankly, that's impossible.
Now, wait just a moment.
For instance, do you have a pet?
My wife and I have a Siamese cat.
Beanie.
My public love dogs.
One pitch with a hound is worth 10,000 words.
That mutt didn't do Roosevelt any harm, did it? Dick Nixon either.
- That's good. - No, I'm sure you're right.
How about a nickname?
Only dishonest thing about "Curly" Fuller is the way he combs his hair.
Curly.
- That's rather amusing. - See?
Shows you got a sense of humor about that fine head of skin you got there.
No hard feelings now, we're talking television.
Don't press your lips together so much. Gives you kind of a sissy look.
Keep your mouth relaxed, so you can say:
Once in a while.
- Sounds sort of crazy to you, doesn't it? - No.
I realize it's a new technique, and I've got to face it.
- That's why I came. - That's a boy, Curly.
You just put yourself in my hands.
I'll have them loving him. I mean loving him!
-------------------------------------------
Supine Diaphragm Belly Breathing - Duration: 2:41.
Hey it's Nick Ortego. I'm going to show you how to do a breathing exercise that
allows you to use your diaphragm. It's usually pretty relaxing and it's called
belly breathing, and we're gonna do it supine. You can do this in any position
but on this video I'm gonna show you how to do it lying down on your back.
Take one hand and place it on your ribcage; other hand place it on the
abdomen. Then start to inhale and exhale through the nose so it looks kind
of like this. As you can see, whenever I'm inhaling my abdomen is rising and my
ribcage is remaining relatively still and as I'm exhaling the abdomen is
sinking. Ribcage still remains relatively still. As I'm doing this in
order to help activate the diaphragm a little more and strengthen the pelvic
floor, I can engage the pelvic floor muscles. So the pelvic floor muscles;
those are the muscles you would use if you're trying to stop yourself from
going to the bathroom. If you're having to hold it when you really need it to
urinate. So I'm holding those muscles and then when I take that belly breath in I
can feel some pressurization in that pelvic floor area, the muscles that keep
you from urinating and then back down on the exhale. To take it to another level
at the end of each exhale I can draw the belly button in
activating the transverse abdominis muscle by drawing the belly button in
and squeezing the last little bit of air out. So pelvic floor is engaged, inhale
let the belly expand on the inhale. Exhale, let the belly retract on the
exhale. At the end of the exhale pull the belly button in
hollow out a little bit and it squeezes the last little bit of air out. Give that
a try for five to ten minutes. It will enhance your breathing and relax your
body and your mind. You've got any benefit from this video, then leave a
comment below. If you'd like to get more content that's not available on the blog
or the regular YouTube channel, then click the link connected to this video
you'll have a chance to sign up for the Run Better Now VIP Club.
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