tax loopholes

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

1 Shares
This post may contain affiliate links or links from our sponsors. Read our disclosure policy here.

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 🙂

Are you enjoying the podcast?

If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!


The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

 

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]

 

1 Shares
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *