The Tax Code Helps You Retire! Find Out How - Part 2 with Kyle Gabhart

You have a retirement dream. 

But you’re a W2 worker, and no matter what you do, you can’t stop the IRS from collecting their big due from your hard-earned money. 

Or, maybe you’ve worked hard to save and build up your dollar nest egg, but now, you don’t know how to get at it, or maybe, what to even do with it? It seems so near, yet so far.

In this podcast, we continue to talk to Kyle Gabhart of Bluegrass Legacy Group, and author of Legends Don’t Retire, and Neither Should You. Kyle helps us to understand how to slingshot strategized finances with the power of hidden money in the tax code, so that you can get that work-optional lifestyle, and hit that retirement dream spot-on, right there in your golden years.

In this episode, we discuss

• How to use a large savings amount without incurring a large tax liability and penalty

• The logic and practicality of splitting liquid net worth into pre-tax, post-tax and tax-free accounts

• How to tax-diversify to minimize liability

• How to utilize a 401(k) creatively to use money, minimize penalties and maximize long-term gains

• How to strategize finances that leverage changes in the market cycle advantageously with the tax code

• The importance of really understanding the advice of CPAs and financial advisors before making decisions

• The importance of tax education to feed your financial plans

• How to use 401(k) money to buy a business as a career second phase

• How to strategically double charitable giving to benefit others as well as to be a legal leveraging tool

• The advantages of using Roth conversions and donor-advised funds

• How to leverage IRAs with Roths for long-term financial benefits using the hidden money in the tax code

• How to put up a personal retirement financial plan using your current business

To Learn More

You can connect with Kyle at his website Bluegrass Legacy Group – Turning Lives into Legacies and find out just how you can achieve that work-optional lifestyle to pursue your retirement dream.

To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus

To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation

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