I know Master Limited Partnerships (MLPs) such as ET and ENB do a K-1 tax form, which returns the principal you invest in them in the form of dividends. What this effectively means is you don't pay a dime of taxes on the dividends until after the sum of total dividends equates to amount of capital invested. Only then have you made a taxable income on the investment. I know private REITs work the same way. Not sure what else.
A wealth of knowledge and as of recent a real estate professional, I was not aware of all these tax saving opportunities. Well done thanks for taking the time.
Wow! This is great information. Now that I have reached a high income, I started paying close attention to the amount going out in taxes. There is so much I need to learn. I thought all whole life policies were bad, so I never took time to learn about them. I also thought bonds underperformed, so I never considered tax-free munis. Lastly, I would like to know more about donations and foundations for tax avoidance. Thanks.
Really loving your channel but I'm 61 and have no knowledge yet just learning what to do help me please I'm about to come into a bit of cash dint want to waste it
I'm blown away with your knowledge! I have been benge watching you, and I feel so empowered. I'm beyond upset that I have t found you sooner, like when my parents' estate was being handled. I feel like I was screwed over big time with how it was set up and dispersed. Also on how to move forward with what I did receive, maybe I wouldn't be in the mess I'm in now. Thanks to you I've heard of most of the 10 you listed, a d eager to learn more !
thank you for this free education. it's really true that in the information age, ignorance is a choice. This information can help "the poor" become wealthy too; we have no more excuses if we don't act on such knowledge. Thank you again!
This information is so very useful. I wasn't aware that the dividends were taxed at a lower rate. I thought it was 40% for dividend taxation. I had already intended to use the depreciation of real estate once i start buying., I'll have to find some way to officially show up in the lower bracket to benefit from the dividend 23%.
must be a pain to have an etf called tivo when google continuosly displays information about the company and not the etf. great information and i will be contacting you guys soon.
Love your videos sir. Charitable giving is something I have heard of, but not broken down to this level of detail. I hope to utilize all ten in the future
Really enjoyed learning about many of these strategies at your Tax and Asset Protection workshop in Dallas. Looking forward to attending the next one as well. The information is invaluable!
I would like to know more about setting up your own charities and combining that with a management company to manage all of my family affairs and future businesses.
Outstanding stuff. I have had a brokerage account for over 40 years and never paid $1 in capital gains (I do have some dividends reinvested) and I harvest losses every year. It will be the last money I touch after SS, pension and IRA so my heirs will get a step up in basis.
please deep dive in Loss Harvesting for traders/investors ( short-term/long term) of various kinds of assets such as forex currencies, index futures, stocks, crypto, etc...can short term traders ( day traders, swing traders) also take advantage of Loss Harvesting?
Hello Toby, thank you for again a very informative video. Regarding the life insurance banking, do you have any idea how we as non American can take advantage of this (Europe)? Thanks in advance Best regards, John
The one I am the most interested in is the Charitable Trusts/Charitable Remainder Trusts and how that might be used if you have a special needs child..... Thanks for this Info
I don't get it. Bought a house for 90K, worth 315K and assumed it was paid off when you donated it and got a 120K write off. What happened to the other 95K?
I will tell you... I love your content big time. Long term fan. I hate number 3. I always feel like a loser no matter what. Ive failed at number 7 so many times but I need it. Number 8 is no good in my state. Number 4 I need more doors. I still have to write a bunch of covered calls and puts to make it. I really want to be more tax efficient though
Toby, longtime subscriber to Clint and then you. Such great content! 1 beef … I have to watch your videos twice, because I generally listen to them while doing other tasks and sometimes driving. Then I have to watch again so I can take notes! 😂😂😂 Familiar with most of the 10, some more in depth than others but particularly like anything that is applicable to later life stages with accumulated assets. Still have business interests though. How about strategies for individuals with 100% passive income, that wants to not give so much to DC? Single, no kids.
I appreciate your dedication to watching my videos! I’ll definitely consider your request for strategies tailored to individuals with passive income. Stay tuned for more content!
Please deep dive in Charities: can a day trader be an employee of his/her own charity, but as charitable work do day trading or long term investing for his/her own charity, while truly giving the proceeds to various churches or other good causes like veterans, single moms, recovery centers?
@Toby - Hi. I had heard of all of these strategies but I was able to learn a little more on Loss Harvesting and Tax Free Bonds. I love your content and my favorite strategy that I am working really hard a this moment is to build a Real Estate portfolio.
The problem is it becomes an addictive game avoiding paying tax. Like my wife "if I take any $ out I'll have to pay tax". People forget to live, then one day they are told, you'll be dead in 6 mos.
I do fund mt PUA's in my whole life with money from my C Corp that i take out and put into my Heloc.( I do use credit cards for business expenses) That heloc i use to pay business real estate taxes and insurance. I then turn around and take policy loans and loan it to the business so it can pay off credit cards. The business then pays me back the loans on a monthly basis with the same interest as the credit cards would charge. Is this method beneficial?
I'm a little fish ($500K in liquid assets). I make $120K and hope to sell a $1M house and retire in 1 year. I will probably take $800K from the house sale. My question is, "Which of these 10 make the most sense for me"? Which ones have the best benefit / cost ratio given my situation? Great video as always - keep 'em coming.
Hi Toby - love the video. I was not clear though on #1, the Retirement Savings Accoubnts, notably the Defined Benefits Plans. It sounded like one might be able to do this through a family LLC, o would you use another business?
Important on trusts to get the right assets into the trust but have other assets properly titled to avoid probate. My parents had a trust and the house and other assets were in trust but IRA’s go by beneficiary designation and my mom had my dad as primary and my sister and I as contingent but dad never claimed the account so when he passed it went to his estate and we had to go to probate even with the trust. He passed in 2020 at height of the pandemic and no courts were open. I did the research and filed for probate myself without a lawyer.
Typically not, an s-corp saves you on self employment tax but you still have to take a reasonable salary. I’ve heard between 50-80k Before you should consider a-corp
Your advices are meant for those with extra cash “rich people “ to invest in multiple strategies, but for those living paycheck to paycheck have no extra, plus much pay taxes
Deciding whether to sell or keep single-family rentals involves considering several factors. If the real estate market is performing well, selling could offer a favorable return. On the other hand, if you expect property values to increase, retaining the properties might be more advantageous in the long run. Properties that provide consistent rental income and are manageable can generate ongoing cash flow and appreciate over time. Selling could lead to capital gains taxes, whereas keeping the properties allows you to take advantage of depreciation and other tax benefits. Reflect on your investment strategy and financial goals: if you’re seeking short-term profits, selling might be the better option. If your focus is on long-term wealth accumulation, holding onto the properties could be more in line with your objectives. Ultimately, it’s about weighing immediate financial needs against long-term investment goals.
If you are an American nearing retirement age, I think the best option for a successful retirement will be to get the hell out of the USA! There are much less expensive and nicer places to live in the world and you should focus on exploring those options!
Yes - the long term gain is included in the calculation of the tax bracket. Depending on whether you are married filing jointly, a portion of the gain will be taxed at 0%, 15% or 20%. This can be offset, of course, by capital losses or ordinary losses.
So who is paying taxes of which schools are built of which roads are built....oh right the poor smuck working for a wage and the taxes are sucked up by the government automatically, but the rich that use people to build their business and pay them a stipend get all the breaks, wow,
It’s how our tax code is written so if you educate yourself, you too can take advantage of these rules. You have to learn if you want to get out of the rat race.
@mrsterling5306 I agree, but he should've said former President Trump. Yet, in the same video, he only says Obama and not President or former President
Are you listening to this for business advice or political advice? I don't take relationship advice from Trump. People need to learn how to compartmentalize information and brush the rest off their shoulders.
If you want to dive deeper into tax strategies, schedule a free consultation with my team today. Visit: aba.link/8rx
Deep dive on oil and gas please🤝💪
Out of all the "youtubers" out there Toby is the most genuine and educated! I LOVE your videos! Thank you for all that you do!
I can't believe how much he knows. It's scary
i heard of loss harvest but can you do a deep dive into that?
I'll definitely consider recording this topic in an upcoming video!
Doing a video on “tax bracket management” would be wonderful!
I'll keep that video idea in mind. Thanks for the suggestion
Thanks. What are some examples of these oil and gas funds?
I know Master Limited Partnerships (MLPs) such as ET and ENB do a K-1 tax form, which returns the principal you invest in them in the form of dividends. What this effectively means is you don't pay a dime of taxes on the dividends until after the sum of total dividends equates to amount of capital invested. Only then have you made a taxable income on the investment.
I know private REITs work the same way. Not sure what else.
Whole life insurance should be the first place the money goes. Then use the cash value to buy other assets.
A wealth of knowledge and as of recent a real estate professional, I was not aware of all these tax saving opportunities. Well done thanks for taking the time.
Very useful information! Retirement accounts like defined benefit plans is the topic that I would like to know more about.
I'm glad you found the video helpful. Retirement planning is so important.
Could you do a video on the unrealized capital gains tax proposal that the politicians are trying to push, and how to avoid? Thanks
Wow! This is great information.
Now that I have reached a high income, I started paying close attention to the amount going out in taxes.
There is so much I need to learn. I thought all whole life policies were bad, so I never took time to learn about them.
I also thought bonds underperformed, so I never considered tax-free munis.
Lastly, I would like to know more about donations and foundations for tax avoidance.
Thanks.
practical and usable SBLOC strategies that doesnt bind one to owning rental property ?
Some states have Estate tax at much lower limits. MA is brutal.
Really loving your channel but I'm 61 and have no knowledge yet just learning what to do help me please I'm about to come into a bit of cash dint want to waste it
Thanks Toby great info!
I would like to learn more about donating real estate to charity that I own........
You should definitely reach out to my team about this. Visit aba.link/8rx
This is an amazing video! Sending it to my friends.
I am interested in learning more about charities. It is rarely talked about beyond the simple donation.
That's a fantastic interest. Reach out to my team to get started. Visit: aba.link/8rx
1031 Exchange is the most commonly used by the ultra rich ...
The 1031 Exchange can be a powerful tool for real estate investors.
Short SPX box spreads (with portfolio margin) is better than SBLOCs - lower interest rate, and the interest paid is a capital loss.
I'm blown away with your knowledge! I have been benge watching you, and I feel so empowered. I'm beyond upset that I have t found you sooner, like when my parents' estate was being handled. I feel like I was screwed over big time with how it was set up and dispersed. Also on how to move forward with what I did receive, maybe I wouldn't be in the mess I'm in now.
Thanks to you I've heard of most of the 10 you listed, a d eager to learn more !
thank you for this free education. it's really true that in the information age, ignorance is a choice. This information can help "the poor" become wealthy too; we have no more excuses if we don't act on such knowledge. Thank you again!
This information is so very useful. I wasn't aware that the dividends were taxed at a lower rate. I thought it was 40% for dividend taxation. I had already intended to use the depreciation of real estate once i start buying., I'll have to find some way to officially show up in the lower bracket to benefit from the dividend 23%.
must be a pain to have an etf called tivo when google continuosly displays information about the company and not the etf.
great information and i will be contacting you guys soon.
I subscribed to your channel even though 60% of the vocabulary you use is absolute alien to me...😶
Love your videos sir.
Charitable giving is something I have heard of, but not broken down to this level of detail. I hope to utilize all ten in the future
I would like to hear more about tax efficient funds
Really enjoyed learning about many of these strategies at your Tax and Asset Protection workshop in Dallas. Looking forward to attending the next one as well. The information is invaluable!
So happy you enjoyed the workshop! Can't wait to see you at the next one!
I would like to know more about setting up your own charities and combining that with a management company to manage all of my family affairs and future businesses.
I would recommend setting up a free consultation to talk about some strategies. Sign up here: aba.link/8rx
👍 love all your videos! 🇺🇸 Happy independece day!
Outstanding stuff. I have had a brokerage account for over 40 years and never paid $1 in capital gains (I do have some dividends reinvested) and I harvest losses every year. It will be the last money I touch after SS, pension and IRA so my heirs will get a step up in basis.
It's great to hear how you've managed your investments so wisely.
Never heard of oil gas... what is that??
please deep dive in Loss Harvesting for traders/investors ( short-term/long term) of various kinds of assets such as forex currencies, index futures, stocks, crypto, etc...can short term traders ( day traders, swing traders) also take advantage of Loss Harvesting?
As always gteat videos. Could u help out w how to set up whole life insurance. Thanks
Hello Toby, thank you for again a very informative video. Regarding the life insurance banking, do you have any idea how we as non American can take advantage of this (Europe)?
Thanks in advance
Best regards,
John
One of the most important videos I've ever watched.
The one I am the most interested in is the Charitable Trusts/Charitable Remainder Trusts and how that might be used if you have a special needs child.....
Thanks for this Info
I don't get it. Bought a house for 90K, worth 315K and assumed it was paid off when you donated it and got a 120K write off. What happened to the other 95K?
I'm pretty sure that was the tax savings in his example, not the write-off amount.
I will tell you... I love your content big time. Long term fan. I hate number 3. I always feel like a loser no matter what. Ive failed at number 7 so many times but I need it. Number 8 is no good in my state. Number 4 I need more doors. I still have to write a bunch of covered calls and puts to make it. I really want to be more tax efficient though
Do you think a General Contractor qualifies as a real estate professional ?
I'm retired how to get around paying tax on interest income? Thanks sold home waiting to buy when market dips.
❤Love You Toby!❤❤❤❤❤Knowledge is Power Freedom and Quality of Liberty & Life!
Knowledge isnt crap if you cant apply it to the real world💯
Toby, longtime subscriber to Clint and then you. Such great content! 1 beef … I have to watch your videos twice, because I generally listen to them while doing other tasks and sometimes driving. Then I have to watch again so I can take notes! 😂😂😂
Familiar with most of the 10, some more in depth than others but particularly like anything that is applicable to later life stages with accumulated assets. Still have business interests though. How about strategies for individuals with 100% passive income, that wants to not give so much to DC? Single, no kids.
I appreciate your dedication to watching my videos! I’ll definitely consider your request for strategies tailored to individuals with passive income. Stay tuned for more content!
Interested in knowing more about Loss Harvesting and Real Estate protection for multi unit owner. Great video
Feel free to reach out to my team to learn more about real estate asset protection. aba.link/8rx
I had no idea I could ask Vanguard for a margin loan! Thank you!
Happy to help!
Retirement accounts (RRSP)
Tax deferral
Losss harvesting
Real estate
Charity
Trusts
Businesses
Tax-free bonds
Life insurance
Tax-efficient funds (oil & gas), long term capital gains, dividends (TIVO)
Please deep dive in Charities: can a day trader be an employee of his/her own charity, but as charitable work do day trading or long term investing for his/her own charity, while truly giving the proceeds to various churches or other good causes like veterans, single moms, recovery centers?
Stay tuned! I'll have a video released this Friday about charities.
Can you do a mix tax strategy with real estate and a trading account under the same LLC.
Or RE and Private lending interest income
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here aba.link/8rx
The oil and gas interest in news to me
Best channel for big wrinkle forming! Thank you Toby and God Bless!
Thank you very much Toby. What you’re doing is GREAT. We hope having more helpful people like you Toby. We thank you.
I appreciate the support
I appreciate your great ideas and content.
Looking forward to becoming a client someday.
Bravo.
@Toby - Hi. I had heard of all of these strategies but I was able to learn a little more on Loss Harvesting and Tax Free Bonds. I love your content and my favorite strategy that I am working really hard a this moment is to build a Real Estate portfolio.
Glad it was helpful!
The problem is it becomes an addictive game avoiding paying tax. Like my wife "if I take any $ out I'll have to pay tax". People forget to live, then one day they are told, you'll be dead in 6 mos.
I do fund mt PUA's in my whole life with money from my C Corp that i take out and put into my Heloc.( I do use credit cards for business expenses)
That heloc i use to pay business real estate taxes and insurance. I then turn around and take policy loans and loan it to the business so it can pay off credit cards.
The business then pays me back the loans on a monthly basis with the same interest as the credit cards would charge.
Is this method beneficial?
Which UA-cam channel is the Toby in Canada?
So what are tax deferred assets
Hey, you should check out this blog to get a better understanding. andersonadvisors.com/tax-free-vs-tax-deferred-tax-planning/
Excellent stuff!
Who are those tax harvesting loss companies? I'm interested in that option.
I'm a little fish ($500K in liquid assets). I make $120K and hope to sell a $1M house and retire in 1 year. I will probably take $800K from the house sale. My question is, "Which of these 10 make the most sense for me"? Which ones have the best benefit / cost ratio given my situation? Great video as always - keep 'em coming.
Great advise and ideas. most of them are new to me. Thank you
Glad it was helpful!
Toby how much does it cost to have your help in all this
I would recommend setting up a free consultation with my team. aba.link/8rx
Hi Toby - love the video. I was not clear though on #1, the Retirement Savings Accoubnts, notably the Defined Benefits Plans. It sounded like one might be able to do this through a family LLC, o would you use another business?
I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/8rx
Important on trusts to get the right assets into the trust but have other assets properly titled to avoid probate. My parents had a trust and the house and other assets were in trust but IRA’s go by beneficiary designation and my mom had my dad as primary and my sister and I as contingent but dad never claimed the account so when he passed it went to his estate and we had to go to probate even with the trust. He passed in 2020 at height of the pandemic and no courts were open. I did the research and filed for probate myself without a lawyer.
27:25, does anyone know if it is worth moving over to a S-Corp / C-Corp if the side business is ONLY making 20 grand a year, for example?
Typically not, an s-corp saves you on self employment tax but you still have to take a reasonable salary. I’ve heard between 50-80k Before you should consider a-corp
@@josiahcook1546 Thanks for your response and elaboration!
I am a big fan of your videos. Thank you, Toby.
Glad you like them!
What up Coach Toby!!
Welcome back =)
Great vid, many thanks!
Your advices are meant for those with extra cash “rich people “ to invest in multiple strategies, but for those living paycheck to paycheck have no extra, plus much pay taxes
Thank you Toby for this truly valuable information. What if you build single family rentals from the ground up. Is it better to sell or keep?
Deciding whether to sell or keep single-family rentals involves considering several factors. If the real estate market is performing well, selling could offer a favorable return. On the other hand, if you expect property values to increase, retaining the properties might be more advantageous in the long run. Properties that provide consistent rental income and are manageable can generate ongoing cash flow and appreciate over time. Selling could lead to capital gains taxes, whereas keeping the properties allows you to take advantage of depreciation and other tax benefits. Reflect on your investment strategy and financial goals: if you’re seeking short-term profits, selling might be the better option. If your focus is on long-term wealth accumulation, holding onto the properties could be more in line with your objectives. Ultimately, it’s about weighing immediate financial needs against long-term investment goals.
@@TobyMathisthank you sir!!!
If you are an American nearing retirement age, I think the best option for a successful retirement will be to get the hell out of the USA! There are much less expensive and nicer places to live in the world and you should focus on exploring those options!
Excellent topic! $$$
If we make less than 50k/yr and have a LT Capital Gain of $2mil, do we owe any tax on the profits?
Yes - the long term gain is included in the calculation of the tax bracket. Depending on whether you are married filing jointly, a portion of the gain will be taxed at 0%, 15% or 20%. This can be offset, of course, by capital losses or ordinary losses.
good content
Awesome content
Thank you so much for your kind words!
All you have to do is pass away 😂😂
OMG I love this video!!!
Your support means the world to me, thank you
Could yu make detailed video on living trust please
Check out this video: ua-cam.com/video/PrYfebuDz8A/v-deo.html
Didn’t talk about depreciation recapture on real estate! That one will bite you in the butt.
Who do you regard as “the rich”?
So who is paying taxes of which schools are built of which roads are built....oh right the poor smuck working for a wage and the taxes are sucked up by the government automatically, but the rich that use people to build their business and pay them a stipend get all the breaks, wow,
"Let's dive in" please stop this
8 😁
A channel on how to avoid paying taxes. smh
It’s how our tax code is written so if you educate yourself, you too can take advantage of these rules. You have to learn if you want to get out of the rat race.
6:31 Unless you open a Roth Crypto IRA. 😊$$$
I'm going to maximize charitable donations when democrats are in office lol
President Trump.
2024.
You just said Obama and not former President Obama. Put some respect on his title
We are here to learn about $ take your politics somewhere else and stop trying to be the grammar police.
Last time i checked we still live in a free country with freedom of speech. He can address Obama as he pleases
Stop calling him President Trump. He is the former President 😂
Once someone has ascended to that title, they retain it till their death.
@mrsterling5306 I agree, but he should've said former President Trump. Yet, in the same video, he only says Obama and not President or former President
Uh oh, I think I see where you’re going. I’m going to listen more closely to notice Toby’s personal views.
@mrsterling5306 To say it once could be a slip up but he did it twice. So I'm like ok, what's up?
Are you listening to this for business advice or political advice?
I don't take relationship advice from Trump.
People need to learn how to compartmentalize information and brush the rest off their shoulders.