Rental Real Estate Property: How to Calculate Cap Rates and Depreciation - 299

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

🗓️ 10 November 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

When does the real estate depreciation 121 exclusion happen and how do you account for rental property equity, or cap rates, to calculate retirement income? Plus, estate planning beneficiaries and charitable donations, stock market investing in an LLC, understanding the national debt, the differences between Roth 40(k) and traditional 401(k), and of course, Backdoor Roth and Roth IRA conversions. Access the episode transcript and financial resources, and send in your money questions: https://bit.ly/YMYW-299

Transcript

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0:00.0	Your questions are all over the financial map today on your money, your wealth,
0:03.9	and Joe and Big Al are going to do their best to explain when the real estate depreciation,
0:07.7	121 exclusion happens, how to account for rental property equity or cap rates to calculate your retirement income,
0:14.3	plus naming estate planning beneficiaries and making charitable donations,
0:18.6	stock market investing inside of a limited liability company
0:21.8	or LLC, making sense of the national debt, the differences between Roth 401k and
0:27.3	traditional 401K, and finally, the fellas can't escape the backdoor Roth and Roth IRA conversion
0:32.7	questions, so they'll answer a few of those two. I'm producer Colossus Andy Last,
0:38.2	and here are the hosts of Your Money, Your Wealth,
0:40.7	Giant Joe Anderson, CFP, and Big Alclopine CPA.
0:45.2	Hi, Joe.
0:46.3	Andy now, Jim from Santa Cruz calling.
0:50.1	Did he call?
0:51.6	No, he put that in quotes because you often say that, even though it's all emails.
0:56.2	Joe, did you notice that I listed your name first?
0:59.8	Well, thank you very much, Jim from Santa Cruz.
1:02.5	Also, I drive a 2013 B&W.
1:07.5	Wow, Jim is snazzy.
1:12.6	I have two questions. My wife and I plan to ran out our home during our first couple of years of retirement.
1:17.6	I understand we will take depreciation, like he's seen it in quotes, like he's really not going to do it, Al.
1:25.6	Yeah, got it. Depreciation during that period. he's really not going to do it, Al.
1:28.6	Yeah, got it.
	...

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