Reply to When making more actually is a real tax disadvantage?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you have a SEP IRA? It’s the easiest way to reduce your tax burden. Also, if you need a housekeeper, then hire one. It’s cheaper than marriage counseling, and if it improves your quality of life, then go for it. [/quote]

OP here and I appreciate this comment for being news I can use. I have a Roth but not a SEP, but will look into it.

I'm so torn about the house cleaners, it was my big goal for this year and now it feels like a lifestyle overreach. I really want to retire from being out full time housekeeper though, as I get older I resent it more and more. I don't resent DH, specifically (though God knows he could do more, but he dies some and really the issue is I'm cleaning up after DC and the dog all the time), I just resent feeling like the maid in general. [/quote]

OP, since you own your own business, you can set up an individual 401k.  A SEP IRA is a half measure.  You can set it up as a Roth if you like, make an employer contribution - it's a great way to significantly ramp up your savings when self-employed.  [/quote]

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