How Property Owners Can Limit Taxes with a 1031 Exchange
Our team at Hosler Wealth Management focuses on limiting the amount of taxes our clients pay as they approach and enter retirement. One tax-saving tool is the 1031 exchange. Let’s look closer at what it is and how it can help you limit your tax liability.
What We Mean When We Talk About a Tax-Free Retirement
We’re passionate about building a tax-free future for our clients.
Yes, tax free.
Most people like the sound of “tax free,” but what do we mean when we talk about creating a tax-free retirement? And how do we work to make that happen?
Income Taxes in 2023 | Ep #22
Bruce’s goal is always to move clients to “tax-free” vehicles, meaning repositioning or converting taxable and tax-deferred assets to tax-free vehicles like Roth IRA and 401(k) plans, life insurance retirement plans, and more.
The Roth 401(k) | Ep #21
You may be familiar with a traditional 401(k) retirement plan, but today Bruce will explain how a Roth 401(k) works, how it’s different, and the benefits associated with it.
Your Annual Gift Tax Exclusion | Ep #18
The Annual Gift Tax exclusion amount is increasing from $16,000 to $17,000 in 2023. Today, Bruce and Jon explain the importance of this, and why these rules can have significant financial ramifications for years to come – not just for you, but for your heirs as well.
Arizona Tax Credits | Ep #17
Show Notes Transcript All Podcast Episodes For our listeners in Arizona, the state offers four great ways to receive tax credits on your state return. This is a tax credit, not a tax deduction, and Bruce starts today’s episode by explaining the significant difference between the two. We then break down each of the four possible credits: Private […]
The 1031 Tax-Free Exchange | Ep #16
A 1031 exchange refers to the section of the internal revenue code section that allows property owners to take the proceeds of a sale of real estate and reinvest those same proceeds into another property without recognizing a capital gain and without having to pay the taxes on the same. Instead, they get to defer the gains and add them to the new property.
Qualified Charitable Distributions or QCDs | Ep #13
For IRA owners that are charitably inclined, a Qualified Charitable Distribution, or QCD, can be an incredibly useful tool.
The Inflation Reduction Act – What Does It Mean For You? | Ep #11
In September, the government passed the “Inflation Reduction Act.” Today Bruce breaks down the key pieces of the legislation and how it can affect you going forward. He breaks it down into 9 key areas:
IRA & 401K accounts are no longer good wealth transfer tools | Ep #10
Bruce dives deeper into why traditional IRAs and 401ks are no longer good wealth transfer tools. Ideally, you want to minimize both your tax burden and the burden of your heirs. And with these new rules, traditional retirement accounts just won’t cut it.