28:05 The S-Corp is built for the small business - selling goods or selling a service. It's made for that, Congress intended it for that, the tax planning around it is built for that. LLC is made for rental property. 38:30 Bookkeeping is the heart of how money is moved around. The Trifecta defines bookkeeping. 41:40 As small biz owners, we don't have the benefit of having a finance and accounting department that runs numbers for you and tells you what's performing and what's not - it's freakin' YOU. Different bank accounts helps track better performance. 52:00 Naming your trust something anonymous and indiscriminate, so you can hide what you don't want easily found (assets). 54:45 The #1 biz expense for any successful biz owner is taxes. The silent partner you never asked for, but just gets a cut of everything you're doing.
Mark i love your advice but sometime it takes too long to get to the information i am really looking for, is there a way you can create a playlist of the most watched videos with just the information, no side comments, jokes, stories, just like a 5 to 15 min of pure direct information for the moments i just want to review the topic at hand. I will still watch you entire 1 hour episodes when they come out.
Ditto! A list would be great - and in terms of watch time, I think for those who have the time it will remain the same. And for those like myself and Miguel a list would be a great time saver for when we just can't hang, and incentivise a return visit. We still appreciate you guy!
I really love this channel and all the shows I've watched so far and am definitely going to watch the rest of them!! I also like the joking around!! It makes it not boring at all!! I'm hooked!!!
No holding company information or strategies? It appears that you're somewhat using the trust as a holding company but it bridges both sides. Versus a holding company on the operation side and a holding company on the passive side or is the passive side holding company not necessary?
I really like Mark and Mat's content. Very informative and refreshing. BUT, please know that the Estate planning package that Mark mentions at the end of the video does NOT include the Trifecta diagram. Found this out the hard way after scheduling a consult.
I agree we are doing things correctly BUT... the problem w/ the hiring of this many agents is that it's plain offensive for the govt to be coming after people like they are
Hi Mark. Love your stuff. If i have my business and a building. If you have an s-Corp for the business and an LLC for the building, can the S-Corp pay rent to the LLC? Will there be any self rental issues in doing that?
Thank you for going to Roth and hsa first. The ira/401k tax trap that will probably hit 90% of long term investors is way oversold without the possible gotchas.
I could be wrong but it seems like there could be more tax benefits on BTC held outside and IRA unless paying off collateralized loans make you nervous.
Should you put your homestead primary and principal home in an RLT? What about a secondary home? Also, can a holdings company be the beneficiary for the Trust? Or will the holdings company be owned by the trust?
For all of you complaining about jokes and such, and urging him to get to the point, we'll pay for a consultation. Stop seeking free advice while imposing conditions.
You guys are my laughing rollercoaster !!!😂😂🤣🤣 Sure your bell is crossed and you are with me in a bathroom , in a car , during shopping excursions, etc .Just wonder what people are doing in medical , dental , art ,psychology and other kind of higher education institutions without any financial education prior to admission!!!😅😅😢 Here are 2 questions , hoping for advice. 1. Can I convert inherited 401K or IRA to any type of Roth? 2. Would you be able to recommend super, super pro employment attorney specializing in life insurances. / especially key employee life insurance- COLI/ Corp of my late husband is trying to take part of COLI insurance away from me as surviving spouse to to set educational trust , become a founder, trustee,Have some concerns regarding legality and waiver agreement I received and no not willing to sign unless have legal clarification and redrafting a waiver !!! Keep your shows as witty as possible😂😂😂 even sloppy clients are miserable 🤣🤣
Thank you for the support and glad you like the content! To get your questions answered, please submit it to podcast.mainstreetbusiness.com/ - Thank you!
depends on the size of the 401k. Also can depend on your retirement date and start date of SS. I plan on retiring at 65, convert/withdraw from 401k/IRA for several years, and then collect SS
Hey Matt, I appreciate your concern... but, let me just say, Mat Sorensen and I meet with our attorneys multiple times per week training them directly on every strategy we teach. I can assure you, they will be able to help you just as well as I could! And honestly, I am so busy right now, they will be able to help you more promptly!
@@MarkJKohler Hi Mark, just letting you know someone use your photo and name down there in comments talking to people and giving them phone number to contact.
Hi Mark, I email Whitney Wednesday. Still haven’t relieved any reply yet. Really like to talk to one of your attorney, need legal counsel and tax planning and tax return service from you. Listen to all your shows, I believe you are the right person to do our tax. Thx.
@@armychris384 can you borrow any amounts from IRA’s? Do you interrupt the compounding? Would we be taxed when withdrawing at retirement? What are the chances of depleting the principal?
![How to Get a Developer Job - Even in This Economy [Full Course]](/img/n.gif)
28:05 The S-Corp is built for the small business - selling goods or selling a service. It's made for that, Congress intended it for that, the tax planning around it is built for that. LLC is made for rental property.
38:30 Bookkeeping is the heart of how money is moved around. The Trifecta defines bookkeeping.
41:40 As small biz owners, we don't have the benefit of having a finance and accounting department that runs numbers for you and tells you what's performing and what's not - it's freakin' YOU. Different bank accounts helps track better performance.
52:00 Naming your trust something anonymous and indiscriminate, so you can hide what you don't want easily found (assets).
54:45 The #1 biz expense for any successful biz owner is taxes. The silent partner you never asked for, but just gets a cut of everything you're doing.
Mark i love your advice but sometime it takes too long to get to the information i am really looking for, is there a way you can create a playlist of the most watched videos with just the information, no side comments, jokes, stories, just like a 5 to 15 min of pure direct information for the moments i just want to review the topic at hand. I will still watch you entire 1 hour episodes when they come out.
Ditto! A list would be great - and in terms of watch time, I think for those who have the time it will remain the same.
And for those like myself and Miguel a list would be a great time saver for when we just can't hang, and incentivise a return visit. We still appreciate you guy!
I listen on high speed, it helps.
Time stamps!
Good idea but ... high speed for sure, and back up a little and slow it down if you get to something interesting.
100%. We can do without all the jokes and stories. Shortening it would be great Great Information though.
Trifecta starts at 17:00
I really love this channel and all the shows I've watched so far and am definitely going to watch the rest of them!! I also like the joking around!! It makes it not boring at all!! I'm hooked!!!
No holding company information or strategies? It appears that you're somewhat using the trust as a holding company but it bridges both sides. Versus a holding company on the operation side and a holding company on the passive side or is the passive side holding company not necessary?
OMG...I love that movie..."Pipper Down, we have a Pipper Down!"
Thanks guys! Loved the show today, the very best video in a long time!
I really like Mark and Mat's content. Very informative and refreshing. BUT, please know that the Estate planning package that Mark mentions at the end of the video does NOT include the Trifecta diagram. Found this out the hard way after scheduling a consult.
I love the content too. What was included in the base price? I want to use them and hope they are as genuine as they seem in all these great videos.
You guys rock ! I definitely dig your style and approach push the envelope guys. I thank you for sharing your wisdom.
What paperwork do I have to fill out to make RLT owner of all assets?
I’m interested in state planning
This is like a masterclass in life finances.
Is your trust foundation for your family (husband & wife? And kids?), or does each person need their own trust? Thanks for all your advice!
go to 16:21 where they start talking about the Trifecta.
I am hooked a real fan here.
Awsome, you are guys terrific, Thank you very much! One day i got stuff filled, i will contact you guys.
It sound like your reccomending a holding company for asset protection. Is that correct?
need a 5 minute version of this 1 hour video
Check out the newest video. Its nice and condensed!
@@MarkJKohler thanks!
60 seconds are cool.
I agree we are doing things correctly BUT... the problem w/ the hiring of this many agents is that it's plain offensive for the govt to be coming after people like they are
TRIFECTA !!!💞💟
Amazing Knowledge Here!
Hi Mark. Love your stuff. If i have my business and a building. If you have an s-Corp for the business and an LLC for the building, can the S-Corp pay rent to the LLC? Will there be any self rental issues in doing that?
Excellent info. Informative and funny. Dag gone, you guys make accounting interesting!
Thank you for going to Roth and hsa first. The ira/401k tax trap that will probably hit 90% of long term investors is way oversold without the possible gotchas.
I could be wrong but it seems like there could be more tax benefits on BTC held outside and IRA unless paying off collateralized loans make you nervous.
Any reason to create any active income/loss on the left side If I'm good to go on the right side?
I left my w2 job when i had enough real estate.
Should you put your homestead primary and principal home in an RLT? What about a secondary home?
Also, can a holdings company be the beneficiary for the Trust? Or will the holdings company be owned by the trust?
For all of you complaining about jokes and such, and urging him to get to the point, we'll pay for a consultation. Stop seeking free advice while imposing conditions.
The information sort of starts at 1620 the beginning is not related
19:45
Love this channel 💕
So if you have multiple business they all should have there own LLC or Corp structures!!
Skip the 1st 16 minutes.
Is the discount still available? I’m interested in having this set up. I’m in Ohio. Thank you!
Hope it’s a ‘SKOAL’ belt buckle you get with the purchase of 8 cans of chew?
I love the diagrams!! So much easier for me to understand. For me at least. Thank you😁
Can you have a day job 401k and if you have a llc or c corp can yiu also have a self directed 401k?
Thank you for such great tax strategy information.
Does this structure allow for a HELOC?
How do I sign up for the trifecta consult?
You guys are my laughing rollercoaster !!!😂😂🤣🤣
Sure your bell is crossed and you are with me in a bathroom , in a car , during shopping excursions, etc .Just wonder what people are doing in medical , dental , art ,psychology and other kind of higher education institutions without any financial education prior to admission!!!😅😅😢
Here are 2 questions , hoping for advice.
1. Can I convert inherited 401K or IRA to any type of Roth?
2. Would you be able to recommend super, super pro employment attorney specializing in life insurances. / especially key employee life insurance- COLI/
Corp of my late husband is trying to take part of COLI insurance away from me as surviving spouse to to set educational trust , become a founder, trustee,Have some concerns regarding legality and waiver agreement I received and no not willing to sign unless have legal clarification and redrafting
a waiver !!!
Keep your shows as witty as possible😂😂😂 even sloppy clients are miserable 🤣🤣
Thank you for the support and glad you like the content! To get your questions answered, please submit it to podcast.mainstreetbusiness.com/ - Thank you!
Great video. Need update on your crypto mining and cow investments. Mooo !
If I take the profit from a rental property sale and use it to pay down/off my primary residence mortgage can I avoid capital gains taxes?
No, the you need to do a 1031 exchange with your sales proceeds in order to avoid capital gains taxes.
Col. Sanders thing WAS funny.
What is the max contribution for a Roth in 2021 ? And HSA ?
@@okeieie7971 dude, your scam sales pitch doesn't relate to this question.
Roth-6k contribution limit, 7k if older. HSA-3500 single, x2 if family
Hi Mark. Love the content. What about the Trust owning a Holding LLC (Delaware or Wyoming), then the Holding LLC owning the Operations and Assets?
Talked about 51:00 min in
Should someone close to 59yrs old convert part or all of a 401k to a self directed Roth or is it not worthwhile at this point in life?
depends on the size of the 401k. Also can depend on your retirement date and start date of SS. I plan on retiring at 65, convert/withdraw from 401k/IRA for several years, and then collect SS
Love that movie! I love when he plays his dad. Head, Move, Now!
How long does the estate sale package run for?
The special ends on June 18th! Here is the link: kkoslawyers.com/estate-planning-special-2021/
@@MarkJKohler Bought it and looking forward to working with you!
I’ll purchase, but I want to meet with one of you....not one of your “attorneys” :)
I kinda feel the same way... good info but wanting a more decisive legal opinion when I consult on complex matters dealing with the future.
Hey Matt, I appreciate your concern... but, let me just say, Mat Sorensen and I meet with our attorneys multiple times per week training them directly on every strategy we teach. I can assure you, they will be able to help you just as well as I could! And honestly, I am so busy right now, they will be able to help you more promptly!
@@MarkJKohler Hi Mark, just letting you know someone use your photo and name down there in comments talking to people and giving them phone number to contact.
Current science: the condition of your body in 2025 can be maintained indefinitely. This is if you have the money.
So 41 years old is young.
Hi Mark, I email Whitney Wednesday. Still haven’t relieved any reply yet. Really like to talk to one of your attorney, need legal counsel and tax planning and tax return service from you. Listen to all your shows, I believe you are the right person to do our tax. Thx.
@Mark j kohler just talked to one of the attorney, solve my questions thx ! Will make a appointment with tax consultant now.
@Mark j kohler I like it. Actually I am going to set up a crypto account with you guys.
@Mark j kohler I already emailed Maxwell this morning, not just crypto account, I got multiple things need help from you firm.
I believe that you try to connect with us by B.S.
So we feel like we know you.
Can you edit out some of the nonsense?
Good info.......but....
Jack B👍🤴 Adam S 🥱 💣
😃
This advice kinda sucks. Putting money into money jail. Like we as Americans need to lock in more liquidity.
False
@@armychris384 can you borrow any amounts from IRA’s? Do you interrupt the compounding? Would we be taxed when withdrawing at retirement? What are the chances of depleting the principal?
@@canaldrip2523 watch his videos on self directed IRAs
Im sure the guys are doing the best they can within the regulations trap.
@@canaldrip2523 you obviously did not watch it
Literally, HALF sophmoric banter. I really hope you guys get more focused OR humorous.