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Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

A Complete Guide To Tax Savings With Charitable Giving (HUGE Tax Deduction)

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

Ari Taublieb, CFP®, MBA

Retirement Planning, Save On Taxes, Careers, Personal Finance, Retirement, How To Retire, Business, Real Estate Investing, Investing, Stock Investing, Early Retirement, Entrepreneurship

4.7585 Ratings

🗓️ 5 December 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

In today's episode of the Early Retirement Podcast, Ari discusses how you can save hundreds of thousands of dollars in taxes and millions of dollars in growth by pairing a Donor-Advised Fund with a Roth Conversion. Questions answered: How can I effectively implement Roth Conversions?What are the biggest benefits of a Donor-Advised Fund?What is the best strategy to save on taxes when I do charitable giving?Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Fiduciary Fina...

Transcript

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0:00.0

A very warm welcome to the early retirement show, the show dedicated to helping you navigate

0:05.3

the nuances of an early retirement, a non-traditional retirement. Now let's get right into the

0:11.4

episode so we can learn how to retire early. A warm welcome back to the early retirement show. I am

0:17.2

your host, Ari Taublieb, and today's episode is one I've been waiting to record for a long time

0:22.3

because it is going to tell you how to save hundreds of thousands of dollars in taxes. And I am so

0:28.1

excited and it depends based off your situation. If this even makes sense, but for those that it does,

0:33.6

oh my gosh, is this powerful? So we're going to be talking about Roth conversions and charitable

0:38.1

giving and all of these strategies that can give more to the charity, but can also benefit you

0:43.3

personally for your tax situation. I tell everyone this and my clients laugh and I know some

0:48.1

my clients listening to this are probably about to laugh again, but I'm all about being patriotic,

0:53.2

not to the degree that I'm so patriotic that I'm

0:56.0

actually paying more in taxes. So I do love, of course, our country, but I do not need to pay

1:00.8

any more in taxes and neither do my clients. So what I say is pay as much as legally you should have to,

1:06.7

of course, but don't pay more than that in these strategies, Roth conversions, charitable giving

1:11.7

through a donor advised fund, which is pretty much like having your own foundation, which is

1:15.9

very cool that most people don't even consider. Well, that's what we're going to be talking about

1:20.0

today. And all of this and more, once again, is on my YouTube channel. What I love about the podcast

1:25.3

app is that you can all listen to this free. I don't put any

1:28.5

ads on this. I want to make sure you are not interrupted throughout the process. My kind ask is that if

1:33.4

you don't mind, please do continue to rate and review the podcast. If you leave a helpful review,

1:38.4

it helps more people find the show and understand when they can retire early. And if you know by

1:43.1

now, you've been listening for a while, it's not an early retirement that I love. What I love is knowing when you no longer need to work, when you are in a position where work is now optional because financially you no longer need it. Now, of course, that's a different thing for different people, and we're going to be talking about that today. Now, let's hop

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