The Long Term Investor Why Tax Benefits Shouldn’t Drive Your Investment Decisions with Adam Cmejla (EP.215)
Jul 30, 2025
Adam Cmejla, host of the 20/20 Money podcast, specializes in helping optometrists with their financial strategies. In this discussion, he unpacks the complexities of Opportunity Zones and cautions listeners about the risks tied to tax-driven investments. Adam emphasizes that chasing tax benefits can lead to poor decisions and stresses the importance of a well-diversified portfolio. He also previews concepts from his upcoming book, encouraging wise investment choices based on thorough analysis rather than tax incentives alone.
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Optometrist Tax Deferral Example
- An optometrist selling their practice may defer paying capital gains tax by investing in an Opportunity Zone fund.
- This deferral postpones taxes and offers potential tax-free gains if held for 10 years.
Understanding Opportunity Zone Taxes
- Opportunity Zones defer initial capital gain taxes but don't eliminate them; taxes are due by the end of 2026.
- The hope is tax rates may be lower in the future, though legislative trends suggest otherwise.
Invest Only with Excess Liquidity
- Only invest in Opportunity Zones if you have liquidity to spare and can afford a 10-year commitment.
- Evaluate if investing in a single real estate project aligns with your portfolio diversification and liquidity needs.
