EP 48 - Tax Efficiency for Retirement & Lifelong Financial Growth w/ Steve Jarvis

The Mark Perlberg CPA Podcast

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Discover the keys to reducing your tax bill and enriching your retirement with tax expert Steve Jarvis, CPA. This episode is a goldmine of strategies for everyone, from forward-thinking millennials to those nearing retirement. We delve into proactive tax planning and its potential to significantly lower your tax burden over time. Steve shares expert advice on leveraging health savings accounts and mastering backdoor Roth contributions. Our discussion goes beyond numbers, focusing on smart life choices that complement tax efficiency for long-term financial growth.

Join us as we explore unique strategies in retirement investing. Learn how to transform your Health Savings Account into a financial powerhouse, and how to use your Roth for real estate investments. We discuss essential topics like required minimum distributions and tactics to reduce taxes during Roth conversions, aiming to create a portfolio resilient against IRS challenges and supportive of your retirement dreams.

We conclude with insights into the gig economy and its tax advantages. If you're juggling a W2 job and a side hustle, we reveal how to harness significant tax benefits. From Airbnb to Turo, we cover deductions that can substantially lower your tax liability. Beyond immediate benefits, we emphasize the importance of detailed, personalized tax planning as a foundation for wealth preservation. This episode is a must-listen for freelancers, consultants, or rental property investors, offering a roadmap to use the tax code to your advantage in wealth building.

To dive deeper into Steve Jarvis's insights, email [e-mail]. If you're interested in becoming a client with Mark Perlberg CPA, or know someone who is, reach out to [e-mail]. Join us on this journey to financial empowerment and smarter tax strategies!

Chapters

1. Retirement Account Strategies and Tax Minimization (00:00:00)

2. Investing Options for Retirement Accounts (00:10:04)

3. Tax Planning Strategies and Misconceptions (00:16:24)

4. Exploring Side Hustles and Tax Opportunities (00:22:53)

5. Tax Strategies for Wealth Building (00:27:42)

6. Contact Information in Show Notes (00:36:07)