Episode 117: The Top 4 Tax Loopholes For Investing with Eric Brotman

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My Guest on the Show…


Eric Brotman is on the show to share with us the four strategies everyone needs to implement to keep Uncle Sam away from your money.

There are so many different ways to build wealth, but the ones Eric focuses on during our interview all has to do with taxes.

Believe it or not, very simple decisions you make today will have tremendous benefits or consequences later in life. Whether we are talking about a 401k, ROTH IRA, 529, or even some outside-of-the-box strategies, all of them have tax implications.

Here’s what we discuss:

  • What to do with 401k when you leave your job?
  • ROTH IRA or Traditional IRA – which ones is best for you?
  • A tax loophole with ROTH IRAs
  • A tax loophole with your health expenses
  • A tax loophole with education savings
  • A tax loophole I may not quite agree with yet…

NOTE: At the end of the show, Eric drops a bomb on me and I wasn’t ready for it. You are going to “feel” the awkwardness when Eric mentions something which I am NOT a fan of. But…he does a pretty good job of “bending” me just a little bit 🙂

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Mentioned in this Episode

Awesome Money Course

Brotman Financial


Show Notes

What to do with an employer-sponsored 401k when you leave a job [3:09]

Can you invest or move your money out of your employer-sponsored plan while still working there? [4:49]

The difference between a Roth and a traditional IRA or 401k [10:51]

Tax diversification [13:37]

What is a backdoor Roth IRA? [16:00]

The four loopholes [20:12]

Where Chris and Eric disagree! [25:16]


Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

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