One of the most powerful wealth-building moves we’ve made… was hiring our kids
Summary
The video describes how STR business owners can hire their kids and pay them up to $14,600, which is a tax write-off for the business and tax-free income for the child. This money can then be invested into a Roth IRA that will grow tax-free for decades. To execute this properly, the business must be structured correctly, the work must be age-appropriate with reasonable wages, and paperwork and payments have to be clean.
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