Want to virtually guarantee your 16 year old will have $1M by the time they turn 67?
Does that sound crazy?
Not with the power of compound interest.
This is a slice of a clip from my 1 hr long interview with Shahar Plinner of Formations Corp where we talked about tax saving strategies for Realtors.
See the example below:
In this example, there was an initial $20,000 funding the account. With no additional investment, the investment would be worth $1,077,563.66 after 50 years assuming an 8% annual rate. The best part of this is that they will be able to pull funds from the account tax free as well.
By just planning ahead you will be creating wealth out of thin air!
Want to watch the full webinar? Click the link below to get free access to our 2020 Webinar course where we post all of our previously recorded webinars, including this one!
For more information on Shahar Plinner and Formations, go to formationscorp.com.
This post is from a previously recorded webinar with Shahar Plinner of Formations Corp. In this webinar he talked about strategies you can take as a Realtor to save thousands on taxes each year. Also discussed was everything you need to know about the CARES act.
If you feel like you have been paying too much in taxes each year, or if you are confused about the intricacies of the CARES act, you won't want to miss this! See the show notes below for topics and timestamps.
0:00 - Nate Short Introduction to the webinar
1:28 - What is Run Your Business Like A Business?
3:18 - Shahar Plinner of Formations Corp introduction
4:45 - Shahar Plinner begins his presentation on the 5 pillars of tax and accounting
6:31 - What are people saying about taxes?
9:03 - Tax Planning (The most important business foundation)
16:04 - The value of cash balance
21:08 - Compliance
24:13 - What is the best loophole?
26:13 - Investment and Retirement
27:12 - Why should you pay your kids?