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Posted on 4/16/12 at 2:34 pm to kfizzle85
Start a 401K, put the max amount allowed for you and your wife and don't do any matching. That's the cheapest way I can think of to reduce your AGI and put more money away.
Posted on 4/16/12 at 2:46 pm to kfizzle85
The guy that handles out retirement bought a building in his personal name and he rents it out to his business. He charges himself $5,000/month, and he pays 20% (I think) tax on that $60K instead of his regular tax rate since it's 'rental income'. I aspire to be able to do something like this one day.
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