In this episode of the Taylored Tax Show, hosts Terrence Taylor and Big Al Darnell Jr. kick off a new series focusing on taxes and retirement. As enrolled agents and co-founders of Taylored Tax, they share their strong opinions on conventional retirement savings vehicles such as 401(k)s, IRAs, 403(b)s, and Thrift Savings Plans (TSPs). Big Al expresses his skepticism about these traditional accounts, highlighting the constraints they impose on contributions. Tune in to learn how to effectively manage your taxes while planning for retirement and discover strategies that could lead to significant savings for high-profile taxpayers.
“The amazing lessons we've learned about what is possible for entrepreneurs who are willing to spend time understanding the tax code."
Highlights:
[00:01:18] Taxes and retirement strategies.
[00:05:01] HSA with rental property.
[00:09:22] Building intergenerational wealth.
[00:14:15] Loans against retirement assets.
[00:20:07] Retirement planning and taxes.
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