Maximizing Your Investment Strategy: Advanced Tips Beyond Dave Ramsey's Baby Steps
This week's episode breaks down listener questions on tax strategies, the significance of the 27-year depreciation cycle for rental properties, renting a property to oneself using an LLC, and understanding annual retirement income. In addition, Lane critiques Dave Ramsey's 'Baby Steps', offering insights tailored for high-net-worth individuals. Learn why sophisticated investors should play a different game with a focus on maximizing returns and strategic asset allocation. Subscribe to The Wealth Elevator and elevate your financial journey!
00:00 2024-08-18 20-57-57
06:37 Renting Property to Yourself via LLC
07:57 Irrevocable Trusts and Asset Protection
15:23 Evaluating Retirement Income Needs
19:47 Investment Strategies for Newbies
25:29 Conclusion and Final Thoughts
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The Wealth Elevator Podcast: Real Estate, Taxes, Investing