Optimizing Retirement and Tax-Advantaged Investing

Complete Wealth Management With Dave Alison

Dive headfirst into the world of taxes and chuckle along as we explore the comedic side of CPAs' March Madness—a frenzy of number crunching that rivals any basketball tournament. Our latest episode offers a spirited look at the humorous anecdotes that pepper tax season, from deductions so wild they border on mythical to the truth behind splurging for tax breaks. We also unravel the concept of tax-efficient funnels, providing savvy insights into how smart planning with 401(k)s and other financial strategies can bolster your savings and ease the burden come tax time.
When it comes to the future, it's about making choices today that secure a comfortable tomorrow. This episode, featuring Dave Alison, Conrad Levesque, & David Roth, lays out a map for navigating the complex terrain of retirement accounts—from the dependable traditional IRA to the modern appeal of the Roth IRA—tailored for high-income earners seeking to optimize their golden years. We debate the merits of pre-tax contributions versus Roth's after-tax appeal, and even crack the code on backdoor conversions and the power of Solo-K plans for the entrepreneurial spirits tuning in.
Don't miss out as we pivot to the more strategic aspects of financial planning, examining tax-advantaged savings vehicles that do more than just shelter your money from the taxman—they serve as pillars in a robust financial framework. Learn how HSAs can be more than mere savings accounts, but rather investment opportunities with tax-free growth potential. And for those looking to diversify, we delve into the intricacies of real estate and cryptocurrency investments, assuring you that starting with maximizing your 401(k) is just the tip of the iceberg. Whether you're looking for a laugh or a lesson in finance, this episode strikes the perfect balance between entertainment and education.

Advisory services are provided through Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). Views expressed herein represent the opinions of PCA and are not intended to predict or depict performance of any particular investment.
All data provided, including any reference to specific securities or sectors, is provided for informational purposes and should not be construed as investment advice. It does not constitute an offer, solicitation, or recommendation to purchase any security. Consider your investment objectives, risks, charges and expenses before investing. These views are as of the date of this publication and are subject to change. Past performance is no guarantee of future performance.

Rozdziały

1. The CPA March Madness (00:00:00)

2. How to Think About Tax Deductions (00:02:31)

3. The Order of Money Turning into The Tax Efficient Funnels (00:05:33)

4. The Foundation of Building Wealth (00:10:22)

5. The Pre-Tax Funnel: Qualified Retirement Accounts Like 401k or IRA (00:12:13)

6. Deciding When to Pay The Tax: The Seed or The Harvest (00:13:21)

7. When You Can Take Money Out of Pre-Tax Accounts (00:14:43)

8. The Tax Rate You Pay on Pre-Tax Retirement Accounts (00:17:28)

9. What Happens to The Money in Your Pre-Tax Retirement Accounts When You Die (00:19:38)

10. The Tax-Advantaged Funnel: Roths, HSAs, 529s, and Life Insurance (00:22:31)

11. How Roth Accounts Work (00:24:11)

12. The Government Plan vs Controlling Your Taxes (00:25:59)

13. The Mathematical Analysis vs Your Personal Decision of Trusting the Government (00:27:47)

14. How to Stuff More Money into Roth (00:28:23)

15. Investments in Retirement Vehicles (00:33:47)

16. Dave's Favorite Account: The HSA (Health Savings Account) (00:34:45)

17. Medical FSA, Dependent Care FSA, and Educational 529 Plans (00:40:29)

18. Investing in Life Insurance for Tax Advantaged Wealth (00:41:18)

19. The Post Tax Funnel: Brokerage, Trust, Crypto, Bank Accounts & Real Estate (00:43:10)

20. Tax Benefits of Real Estate Investing (00:44:30)

21. Active Tax Management of Post Tax Investment Portfolios (00:47:40)

22. The Order of Savings While You Are Accumulating Wealth (00:49:54)

23. The Order of Retirement Income Distributions (00:52:52)