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Summary
AI-generatedThis video explains how to strategically withdraw funds from a 401k to purchase a short-term rental property, potentially avoiding immediate taxes through cost segregation and bonus depreciation. It highlights how this approach can generate significant annual cash flow and tax-free inheritance.
Key insights
Withdrawing $550,000 from a 401k to purchase a $1.5 million STR, with $300,000 down and $250,000 for furnishings, can be offset by significant first-year deductions.
Mistakes to avoid
Failing to take RMDs from a 401k can result in a significant 25% penalty on the amount that should have been withdrawn.
Tools & resources
STR Wealth & Tax Savings Calculatortool
The creator offers a free STR Wealth & Tax Savings Calculator to help analyze potential investments and tax implications.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial