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346 | How Do I Figure Out the Taxes on This?

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.85K Ratings

🗓️ 11 October 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

In this week's episode, Brad and Jonathan examine the concept of assets and where they fit in your general tax strategy. Together, they discuss the different factors that effect how and when you pay your taxes, compare the differences between Roth IRA's and 401k's, and explore potentially beneficial ways in which after-tax investments and 401k's overlap!

Resources Mentioned In Today's Conversation

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Transcript

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0:00.0

All right, today we're going to take a look at evaluating your assets and liabilities

0:03.2

and establishing how do I figure out the tax on this?

0:07.2

Welcome to the Ultimate Crowd Source personal financial.

0:10.0

This is Choose a Buy.

0:12.0

You're listening to Choose a Buy Radio.

0:14.4

The blueprint for financial independence lives here.

0:19.4

If you're looking to unlock this secrets to financial independence and early retirement,

0:32.4

you're in the right place.

0:34.4

Stay tuned and join a community of like-minded people who are getting off the answer

0:38.4

and taking control of their lives in the pursuit of financial independence.

0:43.4

Choose a Buy. Your home for financial independence on live.

0:50.4

All right, guys.

0:59.4

Very excited to dive into this week's episode.

1:01.4

Again, how do I figure out the taxes on this?

1:03.4

We're going to take a look at this concept of assets and figure out where they fit into a general tax strategy.

1:09.4

And then we're going to layer on top of that, potentially looking at just some ideas around how to access those at the right time.

1:17.4

So don't be with this. I have my co-host, Brad, here with me today. How you doing, buddy?

1:20.4

Hey, Jonathan. I am doing quite well.

1:22.4

And yeah, this idea for the episode actually came from my real life this past weekend.

1:27.4

So we had Laura's parents in town.

1:30.4

My younger daughter, Molly, actually just started swimming year round again.

1:34.4

So she had her first swimming, which is kind of cool.

...

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