Health insurance premiums are becoming more and more costly. If you’re a self-employed trader who is paying for health insurance, you may be entitled to a health insurance tax deduction. Active traders who qualify are allowed to deduct 100% of their health insurance premiums for themselves, their dependents, and spouses.
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Do you want to make a living trading stocks? A lot of us fancy the idea of quitting a job and supporting ourselves solely through trading stocks from home. Is it possible? Very much so. It may feel like something that’s far out of our reach, but it is unquestionably obtainable. Free to be your own boss, and to be financially secure in the trading game isn’t easy. You need specific skill sets, and a high-tolerance for risks if you are aiming for success as a self-employed trader. Some novice investors decide that they want to earn their sole income from the stock market. Being able to trade stocks for a living successfully involves reaching a level of excellence. Some succeed, while many others do not.
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Financial planners for time and eternity have recommended the use of insurance, incorporation and spendthrift trusts as Commonwealth protection strategies. In the current legal environment, however, insurance may be insufficient because of the prohibitive cost, liberal exclusions, and coverage limits. Read more
