Use a self-directed Roth IRA to avoid capital gains tax entirely. Contribute $7,000 to $8,000 yearly, invest in crypto or real estate, and let it compound tax-free. Over 35 years at 7-8% annual returns, you could reach roughly $1 million with zero taxes on withdrawals.
Want to know how the rich avoid paying capital gains tax entirely. It's the Roth IRA. Step one, open a self directed Roth IRA where you can invest in what you know. Step two, make your regular contribution every year, 7,000 or $8,000 based on your age and start now. Now, before I give you the steps, here's the principle. A Roth IRA does not pay capital gains tax at all. So whatever you want to invest in, don't do it. Let your Roth IRA do it. So step three, invest in what you know. Invest in investments like crypto, real estate, venture capital, syndications, and let your Roth IRA make all of that profit tax free. Step four, be patient. Let's run the numbers. At a 7 to 8% return over 35 years, you're going to have a million dollars tax free that you can then pull out. Now the beauty of this is when you're ready to retire, you'll be able to take that money out tax free with no cut to the tax man.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
