Top 10 Tax Saving Strategies - 123

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

🗓️ 17 July 2017

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Top 10 tax saving strategies of the last 25 years: From tax loss harvesting to 529 education savings plans. From LLCs vs. S-Corps to asset location (that is, what type of assets you put in what type of accounts). From charitable giving to estate tax planning, and then some. Also, an overview of what happened in the market in the second quarter, and titans, tritons, sun gods and mermen.

Transcript

Click on a timestamp to play from that location

0:00.0	Ideally, you want to put assets that have a higher expected rate of return in accounts that
0:05.8	are more tax favored, such as a Roth IRA or a brokerage account versus a retirement account.
0:11.8	Your retirement account, no matter what the growth is of that thing, it's going to be taxed
0:15.2	at ordinary income rates.
0:16.7	So if I have some high flying stocks inside my IRA versus my Roth IRA, well, you might want to switch that.
0:23.2	Because if I get all this great growth in my IRA account, well, I'm partners with the IRS.
0:28.3	If it's in a Roth, I don't have a partner.
0:30.9	100% tax-free.
0:32.4	Today on Your Money Your Wealth, Joe and Big Al cover in great detail, top 10 tax saving strategies of the last 25 years
0:39.3	from tax loss harvesting to 529 education savings plans from the pros and cons of S corps versus
0:45.4	LLCs to asset location that is what type of assets you put in what type of accounts from charitable
0:50.9	giving to estate tax plan well you get the idea also an overview of what happened in the market in the second quarter, and Titans, Tritons, Sun Gods, and Merman.
0:59.7	Now, with all the info you need to know, and then some, here are Joe Anderson's CFP and Big Al Clopine's CPA.
1:07.7	Now we're back to the grind.
1:09.6	Back to the grind, huh?
1:10.5	Yes, sir.
1:11.6	It's not all that bad.
1:12.6	We enjoy what we do.
1:13.6	Yeah, I would say 95%.
1:15.6	Yeah, I might say 99.
1:17.6	Wow.
1:18.6	There's no way.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.