AIPIS 266: Tax Benefits of Real Estate Professionals with Rich Dad Advisor Tax Free Wealth Tom Wheelwright

26:43
 
Share
 

Manage episode 227831511 series 5499
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Jason Hartman talks with Tom Wheelwright, 2019 Meet the Masters speaker and Rich Dad Advisor, about how to help yourself in your legal tax avoidance using practices such as real estate professional, whether Opportunity Zones might be worth investing in, and why taxes tend to be higher when you retire.

Key Takeaways:

[4:18] The question you need to ask yourself if you can't qualify to be a real estate professional

[8:22] One of the most underutilized assets people have is other people's tax brackets

[10:10] Tom's views on Opportunity Zones

[14:19] The pass through tax deduction and how it applies to real estate investors

[18:22] Being a real estate professional can sometimes mean you can take early withdrawls from an IRA and actually completely negate the penalties

[21:29] You tend to lose a lot of deductions when you retire, so your planning leading in to retirement is crucial

[23:03] The 2 challenges with Roth IRAs when it comes to investing

Website:

www.JasonHartman.com/Masters

www.Wealthability.com

258 episodes available. A new episode about every 8 days averaging 25 mins duration .