How to Legally Hide Money from the Government FOREVER in 2021 (Roth Secrets Revealed)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 19 February 2021
⏱️ 61 minutes
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Summary
Transcript
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| 0:00.0 | How to legally hide money from the government forever and ever and ever |
| 0:06.1 | It's Brian Preston the money guy restoring order to your financial chaos retirement |
| 0:13.8 | Investing taxing you've got financial questions. He's got financial answers. It's Brian Preston the money guy |
| 0:23.1 | I was trying to get that oh, I think we got it. I think I guess we got to leave that in there. All right |
| 0:27.8 | I was already excited about this show now. I'm even more excited about this show because we have told you guys over and over and over again one of our most |
| 0:40.2 | Favorite things in the world is finding ways to not pay tax legally and there's legally legally |
| 0:47.7 | That's right legally. We say this all the time |
| 0:50.3 | Tax evasion is illegal it will get you arrested it will have people come and take your stuff |
| 0:57.7 | However tax avoidance is highly encouraged and we have an entire tax system |
| 1:03.0 | Set up to help you avoid taxes and one of the best mechanisms |
| 1:06.9 | Through which you can do that over the long term is this magical thing called Roth |
| 1:13.9 | Yeah, I mean look guys |
| 1:15.9 | Focus on retirement savings. Why does the government give us such tax advantages for retirement savings? |
| 1:24.8 | It's because they recognize and this is something we were talking about where did Roth IRAs come from the government |
| 1:31.2 | Recognize the healthier you are financially the better it is for society |
| 1:36.5 | So they really try to give you a stick and care to approach of |
| 1:40.7 | Encouraging you to save for your future. So that's a great question Brian |
| 1:44.4 | Where did Roth come from while in true full-time equivalent Daniel fashion? |
| 1:49.5 | He put together a little timeline for us and this is what Daniel found in 1990 |
| 1:54.7 | I say Daniel found you lived through this maybe I should just give you you were born in 1997 |
| 1:59.4 | I was born in 97. I was doing all kinds of important things where you potty trained in 1997 |
| 2:03.8 | I was doing important stuff in 97 so this is what we know Roth IRAs were introduced as you kissed the girl |
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