Bonus Depreciation, Retirement Income, and Portfolio Diversification with Real Estate - 433

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 13 June 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

How does bonus accelerated depreciation work when it comes to commercial real estate? Is real estate a good source of retirement income, and can it take the place of safe assets like bonds in your investment portfolio? Plus, can investments be transferred in-kind from an inherited trust to a brokerage account? And what tips do the fellas have for ace-ing the CFP exam and launching a career as a financial advisor?

Timestamps:

00:43 - Bonus Accelerated Depreciation on Commercial Real Estate Purchase (Papa Joe, Naples, FL)
07:04 - Is Real Estate a Good Investment for Retirement Income? (Doctor Jerry, Waco, TX - from episode 426)
13:00 - Is Real Estate a Substitute for Bonds in a Diversified Investment Portfolio? (Don, VA - from episode 416)
17:08 - Can I Move Investments In-Kind From Inherited Trust to Brokerage Account? (George, KS)
24:15 - Tips for Taking the CFP Exam and Building a Career as a Financial Advisor (Craig, St. Clairsville, OH)

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Transcript

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0:00.0	How does bonus accelerated depreciation work when it comes to commercial real estate?
0:05.1	Is real estate a good source of retirement income?
0:07.6	And can it take the place of safe assets like bonds in your investment portfolio?
0:12.1	That's today on Your Money, Your Wealth podcast number 433.
0:16.0	Plus, can investments be transferred in kind from an inherited trust to a brokerage account? And what
0:21.6	tips do the fellows have for acing the CFP exam and launching a career as a financial advisor?
0:27.5	If you've got money questions, visit Your Money, Your Wealth.com, and click Ask Joe and Big
0:32.1	Al on air to send them in as an email or a voice message. I'm producer Andy Last, and here are the hosts
0:38.2	of your money, your wealth, Joe Anderson, CFP,
0:41.2	and Big Al Clopine CPA.
0:44.3	Hi, YMYW team.
0:47.1	This is Papa Joe from Naples, Florida.
0:50.7	Type in this email while drinking a Modello
0:54.0	and my one-year-old snoodle a puppy.
0:57.1	I'm sitting on my lap.
0:58.3	Nice.
0:59.4	My question is regarding bonus accelerated depreciation as it relates to purchasing a commercial real estate property.
1:05.7	I want to purchase a $3 million car wash or gas station strictly as a landlord, not as an owner operator,
1:12.3	via 1031 exchange this year, and then perform a COSSEG study to appreciate 80% of the capital
1:20.3	improvements, including the equipment, which the IRS allows in 2023. Is this 80% bonus depreciation?
1:29.2	If this 80% bonus depreciation is 1.2 million, can I use this amount over many tax
1:36.6	years to offset any proceeds from the following?
	...

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