THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

FU Money for the People

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FU Money for the People

On today’s episode, I’m talking about an important topic that I’m very passionate about: saving for retirement. I’m sharing why it’s so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know. 

Join me to learn about saving for your retirement and some of the benefits you can get by starting today. 

LISTEN AND SUBSCRIBE HERE

On today’s episode, I’m talking about an important topic that I’m very passionate about: saving for retirement. I’m sharing why it’s so important to make sure you contribute to your retirement, how it can help you become a millionaire and some important facts you should know. 

 

Join me to learn about saving for your retirement and some of the benefits you can get by starting today. 

 

Also mentioned in today’s episode: 

 

  • Why it’s so important to save for retirement 5:09

  • Updated contribution thresholds 7:00

  • Some of the benefits of tax advantaged retirement accounts 7:30

  • Why credits are so much more powerful than deductions 15:00

If you enjoyed this episode, please rate, review and share it! 

 

Links: 

My Gusto affiliate link for $100 off my favorite payroll software

Free class to see the tax-shelter math

Watch Youtube video version

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Money Cheat Sheet for the Overwhelmed

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Money Cheat Sheet for the Overwhelmed

Today, I’m sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.  

Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.

LISTEN AND SUBSCRIBE HERE

Today, I’m sharing an article I wrote where I give a practical financial overview and is a personal finance cheat sheet for anyone feeling overwhelmed with their finances and taxes.  

Listen to this episode to get some finance tips to help you feel more secure as an entrepreneur when it comes to your money.

Also mentioned in today’s episode: 

  • Prioritizing debt repayment 5:52

  • Why saving for retirement is so important 7:45

  • Investing for long-term growth 11:23

If you enjoyed this episode, please rate, review and share it! 

Links:

https://go.sunlighttax.com/register
Watch Youtube Video Version

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How to Stash More FU Money: The SECURE 2.0 Act Expands Your Retirement-Funding Options

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How to Stash More FU Money: The SECURE 2.0 Act Expands Your Retirement-Funding Options

Today, I’m sharing with you some information about the recently passed Secure 2.0 Act and how it can help you stash more FU money and expand your retirement funding. 

Listen to this episode to hear all of the details about the Secure 2.0 Act, how you can take advantage of it with your retirement plan and why it’s so helpful for every tax payer. 

LISTEN & SUBSCRIBE HERE

Today, I’m sharing with you some information about the recently passed Secure 2.0 Act and how it can help you stash more FU money and expand your retirement funding. 

Listen to this episode to hear all of the details about the Secure 2.0 Act, how you can take advantage of it with your retirement plan and why it’s so helpful for every tax payer. 

Also mentioned in today’s episode: 

  • What is the Secure 2.0 Act? 8:28

  • How the Secure 2.0 Act helps with retirement funding 12:15

  • How you can take advantage of this act with your retirement 18:45

 

If you enjoyed this episode, please rate, review and share it! 

Links:


https://www.sunlighttax.com/moneybootcamp2023

Watch Youtube version

I use a service (Guideline) that plugs into my payroll software (Gusto - this is my referral link, and it will save you $100. I *highly* recommend Gusto for running payroll and paying contractors/complying with 1099s/W2s). Guideline is so affordable and streamlined that even as a small employer, I have no trouble maintaining my 401k.  

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How to Fund Your IRA: Pay Yourself First

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How to Fund Your IRA: Pay Yourself First

In today's episode, I’m talking about a very important topic: how to pay yourself first as a creative entrepreneur and how you can grow your stash of fuck you money. 

 Join me today, to hear the important steps you can take to make sure that you set yourself up for financial security and why it’s never too late to start contributing to your IRA.  

LISTEN & SUBSCRIBE HERE

In today's episode, I’m talking about a very important topic: how to pay yourself first as a creative entrepreneur and how you can grow your stash of fuck you money. 

 Join me today, to hear the important steps you can take to make sure that you set yourself up for financial security and why it’s never too late to start contributing to your IRA.  

 Also mentioned in today’s episode: 

  • Why you should set apart the full amount of money you want to use to fund your IRA first 9:25

  • Paying yourself first and how to do it 11:34

  • Why financial security is so important 13:22

  • Is it ok to start funding your IRA later in life? 15:27

  • Understanding your taxes 26:15

If you enjoyed this episode, please rate, review and share it! 

 Links:

 https://www.sunlighttax.com/deductionsguide

https://go.sunlighttax.com/free

Watch YOUTUBE Episode

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Roth vs Traditional IRA: Does it Even Matter?

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Roth vs Traditional IRA: Does it Even Matter?

Today, I discuss something I’m asked about a lot as a tax professional- which is better for a creative entrepreneur–a Roth or a traditional IRA? Which one you should focus on to get the most out of your retirement account?

My controversial opinion? This question can put folks into a state of Tiny Detail Exaggeration Syndrome (credit to Mister Money Mustache for that great phrase): I think it actually can distract you from the real issue.

I’m diving into the core differences between these two IRA accounts, important issues to be aware of, and what you really need to stay focused on to get your retirement fully funded.

Listen & subscribe on your favorite platform

Today, I discuss something I’m asked about a lot as a tax professional- which is better for a creative entrepreneur–a Roth or a traditional IRA? Which one you should focus on to get the most out of your retirement account?

My controversial opinion? This question can put folks into a state of Tiny Detail Exaggeration Syndrome (credit to Mister Money Mustache for that great phrase): I think it actually can distract you from the real issue. 

I’m diving into the core differences between these two IRA accounts, important issues to be aware of, and what you really need to stay focused on to get your retirement fully funded. 

 

Also mentioned in today’s episode: 

  • What is an IRA 2:31

  • Why you should prioritize your workplace 401k first 3:08

  • Roth IRA vs Traditional IRA as a self-employed creative entrepreneur 5:48

  • Tax shelter- what is it and how does it work? 6:10

  • The importance of investing your money 7:30

  • Does it matter which one you choose? 17:30

If you enjoyed this episode, please rate, review and share it.

Links:

https://go.sunlighttax.com/register

https://www.sunlighttax.com/deductionsguide

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