Hey guys, real quick before we get started, I'm hosting a free two-day boutique hotel investing

training Saturday, Sunday, March 8th, and 9th, outlining exactly how you can get started

investing in boutique hotels and taking advantage of the tightening Airbnb regulations

and the 40 million baby boomers that are retiring in the next six years.

Visit hotelinvesting.com

slash webinar to save your seat. Again, it's hotel investing.com slash webinar. Now, let's jump into the

show. If you have kids, do a 529 plan. What's that? You can take up to about $4,500 per kid you have, invest it pre-tax. It grows tax-free into it. And then when

you go and you want to pull the money out, all of the gains you've had on it plus the initial

investment is tax-free and you can use it to either your kids, like I use mine to pay my kids private

schools. As soon as your kid is 22 years old and they start actually earning income, you can

convert that to a Roth IRA for that kid. When they retire, now they literally can have a million,

million and a half tax free, everything else. You never paid taxes on it. To take it a step further,

if they don't want to wait to

age 59 and a half to pull that money out, they can pay the penalty. Yeah. 10% of the Fed, depending on

where you live, state of California, 2.5%. Pay the penalties and then they can use that money to

start a business. They can use it to buy some real estate and really start multiplying their money.

Welcome to the Rich Summers Report where we talk real estate, business,

and wealth building all while keeping it real. No fluff, no BS. I hope that you enjoy the show.

All right, guys, welcome to another episode of Report. Today, I got a special guest. I got someone

who's a serial entrepreneur i got someone who

invests in real estate he invests in crypto and in stocks i got my guy my man brian decker

brian welcome to the show brother uh thanks rich appreciate you having me on brother yeah man

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