Episode 97
Why You May Not Want to Turn Your Hobby Into a Business in Retirement
December 10, 20246m 49s
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Show Notes
“Hey Mike, I was told that I should turn my hobby into a business so I can lower my overall taxes each year. Is this legit?” Discover when it makes sense to make your hobby into a business that would allow you to deduct certain expenses, and when you should not make your hobby into a business in retirement.
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Topics
retirementpersonal financebusinessincomeplanningretirement planningretirement income