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
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]
