AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
559: How I Retired in My Mid-30s While Working Just 4 Hours a Week
BiggerPockets Money Podcast
Transform Personal Expenses into Business Deductions
Creating a hobby business upon retirement can significantly reduce personal expenses by converting them into business expenses, thereby lowering taxable income. This strategy not only covers health insurance costs through the business but also leverages deductions for other expenditures like technology and travel. Roth conversions can further manage taxable income levels, ensuring they remain optimal to avoid penalties while benefiting from health insurance subsidies. The tactic serves to minimize tax liability and maximize available financial resources.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode