64 min listen
54: 6 Ways to Reduce Your Taxable Income with Eric Brotman
54: 6 Ways to Reduce Your Taxable Income with Eric Brotman
ratings:
Length:
70 minutes
Released:
Jan 7, 2019
Format:
Podcast episode
Description
Preparing For Retirement By Reducing Taxable Income & Saving More. In today’s episode, we chat with Eric Brotman, CEO of BFG Financial Advisors, who discusses his top 6 ways to reduce taxable income. Eric dives deep into each of these 6 methods, taking time to explain the ins and outs of each one and sharing how to maximize their benefits—both now and for your future. It’s a new year, and “get my finances in order” is one of the most common resolutions people make. This episode will give you a leg up on the steps you need to take to make this happen in 2019. In This Episode We Cover: His definition of the term "retirement" What he sees a lot of people do after they retire professionally A discussion on tax management The advantages of a Health Savings Account (HSA) Tips for tax diversification The current contribution limits for HSA plans and Roth IRAs What a backdoor Roth IRA is How to reduce your taxable income in order to sell stocks without paying capital gains His thoughts on the 529 Plan The concept of moving wealth between generations How to use a stepped-up basis for inherited property and other assets Advice for using life insurance in building wealth Two fundamental kinds of life insurance A discussion about term insurance and permanent insurance And SO much more! Links from the Show BiggerPockets Money Podcast BiggerPockets Money Podcast 18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist Mad Fientist BiggerPockets Money Podcast 41: How to Find the Best Possible Certified Financial Planner (CFP) for Your Needs with Kyle Mast BiggerPockets Real Estate Podcast
Released:
Jan 7, 2019
Format:
Podcast episode
Titles in the series (100)
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