RPM Financial Group helps independent cybersecurity consultants and cleared professionals with side income in Maryland, Washington DC, and Northern Virginia build a financial plan without an employer doing the work for them. That means planning for taxes, retirement savings, health coverage, and the gaps between contracts. Entity and tax filing questions belong with your CPA or attorney; we make sure the financial plan fits what they set up.
Building a simple habit for how much of each payment to hold back, so quarterly taxes are never a scramble.
Comparing options such as a solo 401(k) and a SEP IRA on contribution room, flexibility, and administrative effort.
Understanding the planning questions behind sole proprietor, LLC, and S corporation choices so your conversation with a CPA or attorney is productive.
Turning uneven payments into a steady personal paycheck, backed by a reserve for gaps between contracts.
Planning for health coverage, disability, and liability protection without an employer plan.
Building a reserve and a decision plan before a contract ends, not after.
A free, no-obligation conversation to confirm we're a good fit.
A focused session on your contracts, income pattern, and goals.
Built in our planning software, then walked through together.
Revisited as your contracts and income change.
Is a solo 401(k) better than a SEP IRA?
It depends. A solo 401(k) can allow higher contributions at some income levels and includes a Roth option, but may involve more administration. A SEP IRA is simpler. We compare them for your income and your CPA confirms the tax effect. Annual limits change, so we use the current figures.
How much should I set aside for taxes from each payment?
There is no single percentage. It depends on your income, deductions, state, and whether you have other withholding. We help you pick a working number and your CPA fine-tunes it. Many people also use IRS safe-harbor rules to set estimated payments, which your CPA can explain.
When does an S corporation make sense?
For some consultants at higher profit levels it can change how income is taxed, but it also adds payroll, compliance, and cost. This is a question for a CPA, and we help you understand how the choice affects your overall plan.
How do I pay for health insurance as a consultant?
Common options include marketplace plans, a spouse's employer plan, and association or other coverage. Deductibility and eligibility vary, so we help you compare total cost and coverage and your CPA confirms the tax treatment.
Founder & Financial Planner, RPM Financial Group LLC. Ryan founded RPM in 2022 after more than 25 years in financial services, to bring dedicated, individualized planning to government contractors, cybersecurity professionals, and federal employees.
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If you work for yourself and want a plan that does the work an employer used to do, start with a free intro call.
Book a Free CallRPM Financial Group LLC is an investment adviser. Securities offered through LPL Financial, Member FINRA/SIPC. RPM does not provide tax or legal advice; consult a qualified tax professional or attorney about your situation.