Ask Paula: How Can I Minimize My Taxes?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 6 April 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

#374: Andy in Palm Springs wants to create an income stream through a taxable brokerage account. What strategy should he use to minimize the tax impact of withdrawing his gains? Jake wants investment cash flow until he’s eligible for his military pension in 10 years. Should he buy small multifamily properties right now, wait a few years and invest in syndications or should he invest in index funds through taxable accounts? Anonymous is a US Citizen, lives in London, and can’t invest in index funds. How can he invest while reducing his risk? Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:10.9	Every choice that you make is a trade-off against something else and that doesn't just
0:13.7	apply to your money.
0:14.9	That applies to your time, your focus, your energy, your attention, any limited resource
0:19.7	that you need to manage.
0:21.5	There's an opportunity cost to everything and that opens up two questions.
0:25.8	First, what do you value most?
0:28.0	What are your priorities?
0:29.6	I can, how do you align your decision-making around that which matters most?
0:35.7	Answering these two questions is a lifetime practice and that's what this podcast is here
0:38.9	to explore and facilitate.
0:41.3	My name is Paula Pat.
0:42.3	I'm the host of the Affordable Care Foundation.
0:45.0	Every other episode, we answer questions from you, the community, and my buddy, former
0:50.7	financial planner, Joe Salcihi, is here to answer these questions with me.
0:54.6	What's up, Joe?
0:55.6	How are you?
0:56.6	I am fantastic.
0:58.4	Fan tabulous.
0:59.8	You sound fantastic.
1:01.7	Fabulous.
1:02.7	Foric?
	...

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