No. of Recommendations: 1
As a slightly more extreme option ....

If one of you became self-employed (contracting back to your current employer as well as others?) there is a very real possibility that you could shelter more of your income. If contracting is a possibility, you need to read IRS publications 334, 535, and 560 and then plan to spend a couple of hours discussing all the questions from your reading with a good tax accountant. And then do some more studying.

You would also need to become proficient with your federal income taxes overall so that you understand how various decisions might affect those taxes.

Kathleen
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.