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Epic Real Estate Investing

401K and IRA Stuff That No One Is Telling You About | 473

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 18 September 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

Do you know why Tim is always "screaming from the rooftop" about using a 401K plan instead of an IRA? Find out on today's episode and learn all about 401K and IRA stuff! Specifically, what to do if you're worried about the IRS taking away your retirement plan funds, what you need in order to create a 401K plan, and the advantages of using a 401K plan instead of an IRA.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey Rockstar, I hope the summer really treated you well. We're moving to the fall, my favorite time of the year and this is the time of the year where I like to take a little extra time off and my schedule and Tim's schedule he's taking some time off as well and we haven't been able to quite coordinate that.

0:13.8

So today we're gonna play a very special on-core episode,

0:17.0

401k and IRA stuff that no one is telling you about.

0:20.6

And then next week we'll resume with brand new fresh episodes here on Tax Hacker Tuesday.

0:25.0

Enjoy.

0:26.0

This is Terrio Media.

0:30.0

Did you know that up to 50% of your lifetime income will be wiped out by taxes?

0:35.0

What if you could stop this madness?

0:38.0

Isn't it about time you play on a level playing field with the wealthiest 1%?

0:42.0

Now you can.

0:43.6

Tim Berry, attorney at law, shares here each and every week current tactics and strategies

0:48.8

that anyone can implement to hack the tax code.

0:52.0

Protect your assets and keep what's rightfully yours. It's

0:55.3

time for Tax Hacker Tuesday.

0:58.3

So the other day I was buying a car and as I was buying the car I was talking to somebody into the car dealership and they had a

1:04.8

really interesting situation. What had happened is they had left their old

1:09.2

employer and they had moved to a new employer.

1:13.0

But here's the interesting situation.

1:16.0

They had an outstanding loan with the old employer

1:20.0

and that loan was probably going to become a taxable event unless they paid off that loan

1:24.8

and they didn't have the cash to pay off that loan of the old employer.

1:27.8

But here's a really interesting dynamic.

...

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