10 Ways to Save More for Retirement and Reduce Your Taxes

[@shhaiwatoumcibian]

thank you for sharing my friend have a good day

[@onsitedrugandalcoholtestin7178]

Wish you had a video for slow learners, beginners in all of this retirement plans. Or should I say retirement for dummies video.

[@TravisSickle]

Tell me where I lost you or what you want to know specifically.

[@barbarapalache]

Hi Travis,can I contribute to both Roth401k and traditional 401k

[@TravisSickle]

The 401k is a combined limit for the traditional and Roth side. For 2022 it’s $20,500 plus 6,500 for 50+ as employee deferral.

[@vineelp]

Hi Travis, my llc started in december 2021 I am not filing taxes and not showing startup expenses for the year 2021 as there is no business activity. so can I show start up expenses in my next year tax filing in 2022 taxes?

[@TravisSickle]

Up to 5K in startup costs.

[@vineelp]

@@TravisSickle I am not claiming startup cost for 2021 but I want to do it in 2022 taxes. can we do it? or should we claim only in the first year tax filing?