In this episode of the Taylored Tax Show, Terrence Taylor and Big Al Darnell Jr. dive into advanced tax strategies specifically designed for ultra high net worth taxpayers, typically those with a net worth around $30 million. The episode focuses on retirement savings and the legal strategies that can significantly reduce tax liabilities for this elite group. The hosts discuss the six key levers available to save on taxes and highlight how these strategies differ from those available to lower net worth individuals. Tune in to learn how to navigate the complexities of taxes and retirement savings in a way that maximizes wealth retention legally.
"The more you learn about the tax code, the more you realize that insurance is really, really the most flexible instrument that the tax code gives us to save."
Highlights:
[00:03:03] Starting a business for retirement.
[00:06:10] Tax-free cash from real estate.
[00:09:08] Estate planning with trusts.
[00:12:38] Strategic gift giving strategies.
[00:16:05] Carried interest provision and taxes.
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