This second hour is all about tax-efficient income strategies. Learn about tax strategies for bonds, capital gains, tax loss harvesting and your retirement accounts. Also find out important information regarding the IRS and criminal prosecutions.
5:28 “When you hit $250,000 of adjusted gross income, if you go too far, now every dollar above that in capital gains has an extra 3.8% surtax.
16:58 “Holding stocks in stock mutual funds in a tax-deferred account has multiple disadvantages: one, it converts long term capital gains rates into ordinary income, two, stocks grow and have a higher expected return than bonds or cash”
21:27 “The traditional IRA is going to be better than Roth IRAs if I don’t have a lot of time”
38:11 “Controlling the things you can control is key, and taxes are one of them”