The Wealth Fix

The IRS Tax Code can be overwhelming, but don't miss out on incredibles tax savings strategies! In this video, we reveal four amazing tax loopholes that can help you save big on taxes. Learn about the Augusta Rule (IRS Section 280A) that allows you to rent out your home tax-free, even to your own business. Discover how income shifting by employing your children can lower your tax bracket and enable them to invest in a tax-free Roth IRA. Uncover the backdoor Roth IRA strategy for high-income earners and the mega backdoor Roth for 401(k) contributions. Lastly, optimize yourHealth Savings Account (HSA) to turn it into a tax-efficient investment account. Watch Now and take advantage of these powerful tax strategies!

Resources mentioned in the video: 

Article on Backdoor Roth IRA and Mega Backdoor Roth:https://bulloakcapital.com/blog/how-mega-backdoor-roth-iras-work/ 

Additional video on Mega Backdoor Roth:https://youtu.be/BmR8h7VdZKQ-

Can I make a backdoor Roth IRA Contribution?

Article on maximizing an HSA:https://bulloakcapital.com/blog/what-is-an-hsa-and-how-does-it-work/

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Discover the 3 biggest risks that can jeopardize your retirement and learn how to protect your future. In this video, we explore the three major risks to retirement and provide practical strategies to mitigate them. From outliving your savings to sequence of returns risk and the psychological challenges of lack of purpose, we cover it all. Join us to ensure a secure and fulfilling retirement by navigating these risks effectively.

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Want a free financial consultation with trusted financial professionals? Get it here 👉 https://bulloakcapital.com/get-started/

Nvidia is one of the single most valuable companies in the world with a value of $1 TRILLION. You read that right, 1 trillion. With stock skyrocketing by 170% year to date and shows no signs of slowing down. That being said, is Nvidia the next stock bubble? We take a look at the 4 biggest risks facing Nvidia and break down what you need to know before investing. Don’t get caught in the next stock bubble pop with this can’t miss Wealth Fix advice!

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How much of your income should you save? Whether you’re starting your career or nearing retirement, understanding your savings rate is one the more important aspects of financial health. Knowing how much you are saving is a key to personal finance. In this video, we break down how much you should save based on your income, how much the average person saves, and how much the top 1% save. We also show you exactly how you can start tracking how much of your income you save.

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No one would give you bad financial advice on TikTok, right? Don't worry, the financial advisors of The Wealth Fix are here to take on TikTok for round 4. From leasing your car to compounding your money, no TikTok finance advice is safe from Ryan & Peter. Don't spend another second on TikTok before you see this episode of the Wealth Fix!

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I Bonds interest rate 2023 update. The interest rate for I Bonds purchased between May 2023 and October 31, 2023 is 4.3%. This is made up of a variable interest rate of 3.8%,and a fixed rate of 0.9%. This I Bond fixed rate of 0.9% is the highest fixed rate for I Bonds in 15 years. In this video we breakdown what I Bonds are, the new rate, how the interest works, how I Bonds are taxed, the restrictions, and purchasing limits. Finally, we discuss who should buy I bonds and who shouldn't.

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What are bonds? Are they similar to stocks or a completely different investment? What is the price for a bond? Is a bond a good long term investment? Find out in all these answers and more with your Bonds 101 guide! we'll dive into what bonds are, where they come from, how bonds can help your financial future. Take your first step towards financial freedom with this can't miss Wealth Fix!

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Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix?sub_confirmation=1

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix...

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

Are you looking for ways to build a tax-free Roth IRA account worth $1,000,000? Look no further! In this video, we'll show you three proven strategies to help you achieve your financial goals. Firstly, you'll learn about maximizing Roth IRA contributions, the benefits of compounding interest, and tax-free growth opportunities. Secondly, we'll discuss the advantages of Roth 401(k) contributions and how to leverage them to achieve tax-free growth. Finally, we'll explore the powerful mega backdoor Roth 401(k)contribution strategy that can help you supercharge your retirement savings.

1 The power of long-term thinking in investing 🕰️

2 The importance of understanding businesses 📚

3 How to approach market fluctuations with confidence 📉

4 The value of patience in wealth creation ⌛

5 Diversification vs. concentration in your portfolio 🎯

6 The significance of investing in yourself 🧠

7 Why integrity matters in business and investing 💼

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠