A couple of typical questions we always get is, “what are other people doing, what’s going on with your other clients?” Or “what can I be doing better? Is this not a smart direction to go?” Which is valid because there’s always a learning opportunity to be had, right? Intelligent people know that they need to handle the big financial decisions head-on with a proven strategy for the best results. But it’s those things that you don’t know that will creep up and get you. And believe us when we say there are many things dealing with finance that people just don’t understand without the proper guidance.
In this episode of A Place of Possibility, we’re sharing stories of the smart strategies and the lessons learned from clients who have come to us for help. We will cover:
- Smart ways to save on taxes
- Income diversification
- Ponzi Schemes
- The importance of advanced planning
No matter where you are in your financial journey, there is a best practice to be had. We hope this episode will give you a little taste of what’s really happening out there. If you’ve been wondering about some of the moves you’re making or just want to get ahead, this is the perfect episode for you. Don’t forget to download a copy of our guide and press play for all the juicy details.
P.S. Looking to meet with Richard or Angela? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Scheduled free 30-minute session and find the peace of mind you deserve for the rest of your life.
“You know, as an investment advisor, I love to save people tax. It's my favorite thing. If I can figure out a way to, you know, stick a knife in Uncle Sam's back it makes me, very happy.”
Did you mention “Guide” above? Why yes, yes we did. We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.
A Glance at this Episode:
1:47 – First story we’re sharing? All about real estate and selling property used for business and how to avoid taxation on the sale of the property. Start listening now.
5:04 – Selling a primary property to move into a rental? You can benefit from this tax savvy tip!
7:54 – Another 1031 story, helping a client diversify his rental income.
9:47 – The rental stories are abundant. Can you tell? Listen in for more on how 1031 saves the day.
12:35 – What happens if you have more than one property that you don’t sell before you buy that replacement property? A reverse 1031 may help. Here’s how.
13:34 – The lesson with this next real estate story, get some professional help before you make any big moves, or you could lose a lot of money!
16:24 – Are you self-employed? Want to go all-in on saving for retirement? Start listening here.
19:04 – This client story demonstrates how advanced planning can make a BIG difference down the road.
20:59 – Listen to these tips on saving yourself $$$ in Medicare premiums – hint premiums go up if your income exceeds certain thresholds.
22:25 – This case study shares tips on how to avoid a heavy tax hit through strategic used of charitable contributions.
26:01 – Have you heard of a Pledged Asset Line? A helpful tool to use your assets invested in the market as collateral to get a loan? Be like the Big Guys. You must hear this.
28:49 – Ponzi schemes are still a thing. Don’t be fooled. If it seems too good to be true, it usually is. Listen now for some more tips.
36:07 – Smart investing alert here! Nothing fancy, stuck to the advice, and they are doing great!
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Links/Resources Mentioned in this Episode:
A Place of Possibility Episode 02: Why Should I Invest in Real Estate?
Every client that walks through our door is family. Your goals are our goals, and that’s why we work hard to provide a true Place of Possibility™, so we can help you meet and exceed them. Our wealth management services work to navigate life transitions and take advantage of unique planning opportunities that leave you feeling calm and confident. We offer solutions based on you and your needs, not strategies that make us a quick buck. No matter how life unfolds, we’ll help you connect the dots and always have your back. The door to our Alamo, CA-based headquarters is always open. How can we assist you? Call us at 925.736.6410, send an email to Info@APlaceOfPossibility.com or jump right into our calendar and select a date and time that works for you and let’s talk.