Client of the Week

This Week

Multiple Income Sources

These days, it’s not only low-income people who have more than one source of income. One recent client, age 57, is a content creator. He is an author with royalties from a well-selling book, a paid TV commentator, he organizes conferences and publishes across many online and offline channels. As a sole proprietor, he will gross about $300,000 this year and wants to save as much as he can. His Defined Benefit plan will allow him to contribute about $150,000 each year, all of which is deductible, significantly lowering his AGI.

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