Taxes Are Going Up - How to Grow Your Wealth using the Right Tax Buckets - AZ TRT S05 EP38 (254) 9-29-2024

 

Taxes Are Going Up - How to Grow Your Wealth using the Right Tax Buckets  

- AZ TRT S05 EP38 (254) 9-29-2024

 

What We Learned This Week:

• Tax Buckets, broken into 3 categories of Taxed (income), Tax deferred (401K), Tax Free (Roth)
• Taxes are going up – How to Move more $ into a Tax Free Position
• Advisors should ask Clients – Do you want to pay Taxes now when you know the rate, or Pay Taxes Later at Unknown Rate? You are always partners with the Gov’t / IRS
• Arbitrage is Powerful in Finance – borrow cheap $ at 3%, then earn 6% controlling more Capital
• Wealthy like Bezos or Musk use Tax Free Loans to get Money on appreciating stock assets

 

 

 

Guest: Denver Nowicz, President - Wealth For Life
http://wealthforlife.net/

 

Denver Nowicz is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

 

 

 

Defense – Why defense is so important, and how Insurance strategies can help. 3 to 1 Matching – one of Denver’s favorite strategies thru insurance, more for upper level earners who have a long term horizon

Tax Protection – Tax Buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth), understanding the differences, and where your funds are currently, and options thru insurance products to move more $ to a tax free position.

We also talk about Executives, and what strategies can they use to handle taxes, investments, & retirement. The standard retirement plans (IRA, Roth IRA, 401K), what is a 401K, and the deferred tax setup in the plan (and recs take company match on 401K). We shift to why business owners have more options and benefits and what are they (Acquire assets, stocks, real estate, invest in business).

The 3 Tax Buckets – income, tax deferred, tax free, and understanding the 3, and tax protection  – move more $ to the tax free position. When you have Assets – rental real estate, cash flowing business, IUL, you can use them for tax benefits. Create your own Exit Strategy as if you sold the biz you worked for, and get the benefits of 3 to 1 Linder Match. What is the strategy of Elon Musk or Jeff Bezos with Tax Free Loans?

 

 

 

More Info on WFL and Tax Free Matching: HERE

 

Previous BRT Shows w/ Denver Nowicz:

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

 

BRT S02 EP23 (70) 6-6-2021 – Why You Need Both Offense and Defense in Your Financial Strategy

https://brt-show.libsyn.com/brt-s02-ep22-70-6-6-2021-why-you-need-both-offense-and-defense-in-your-financial-strategy

 

 

 

 

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

 

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AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. 

Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

 

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