Continuing on from last episode's discussion about buying rental property for retirement income, Devin and John talk about the mechanisms for evaluating a rental property.
...and John will entertain you with taxes.
For more information, visit the show notes at http://www.bigpictureretirement.net/087
Have you thought about using rental properties for retirement income?
Is rental real estate a good choice for retirement income for you?
John and Devin go through some of the benefits of rental property.
For more information, visit the show notes at http://www.bigpictureretirement.net/086
People are always talking about probate, and the many ways to avoid probate.
Probate is the legal process of figuring out who gets your stuff.
One of the biggest misconceptions about probate is that your estate does not go through probate if you have a will.
Be sure that if you have a will, your estate will go through the probate process. But here’s the thing: this process doesn’t apply to non-probate transfers.
For more information, visit the show notes at http://www.bigpictureretirement.net/085
The big benefit of the Roth IRA is that you fund it with after-tax money and it grows tax free, and then when you take it out, it is also tax free, if you meet the qualifications.
The big problem with a Roth IRA is that there are income limits to be able to make contributions to a Roth IRA. There are a lot of people out there who can't contribute to a Roth IRA.
So, how do you contribute to a Roth IRA if you make too much money? You use a backdoor Roth IRA.
We have really good notes for you. To read more or to share the show with someone else, visit http://www.bigpictureretirement.net/084