Chapter
Using a 401K Plan for Stock Purchases as a Business Owner
2:34:04 - 2:38:34 (04:29)
Business owners should only purchase stocks through a 401K plan or a sub plan for retirement that is specifically for the business. Depending on the plan, this can help to avoid being taxed on the stock purchases.
Clips
Unless you establish a 401K plan or retirement plan for your business, it's not advisable to buy stocks or crypto through your business.
2:34:04 - 2:36:03 (01:59)
Business, Stocks, Cryptocurrency
Summary
Unless you establish a 401K plan or retirement plan for your business, it's not advisable to buy stocks or crypto through your business. Transferring money out of your business into your personal account is a better option to avoid complications.
ChapterUsing a 401K Plan for Stock Purchases as a Business Owner
Episode#42 Rob Luna - Wealth Strategist on the Recession and Inflation
PodcastShawn Ryan Show
Financial decisions surrounding paying off your mortgage early can be tough to navigate.
2:36:03 - 2:38:34 (02:30)
Mortgage
Summary
Financial decisions surrounding paying off your mortgage early can be tough to navigate. While it may make sense for some to pay it off quickly to decrease stress on cash flow, for others it may not be the right financial decision.