How You Can Pay Less Tax INSTANTLY (From My Million $ Account)

Grab a copy of Eric's new book "Tax Strategies for Everyone": amzn.to/3JC35Tf
Ken McElroy and his tax advisor, Eric Freeman, talk about effective strategies for legal tax minimization, focusing on retirement plans, Roth conversions, and business-related deductions. Discover how structured retirement savings, smart tax planning, and strategic consultations with CPAs can protect and enhance your financial health.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
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DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
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#kenmcelroy #realestate #realestateinvesting #taxloopholes #retirementsavings #RothIRA #401k #taxdeductions #selfemploymenttax #CPAconsultation #businessexpenses #profitsharing #cashbalanceplans #taxplanningstrategies #financialmanagement #legaltaxavoidance

[@KenMcElroy]

If you guys want ken to keep making videos like this please share with someone you think would benefit! thank you.

[@neerajchaudhary1821]

I'll pay you a thousand dollars if you pronounce it "deprEciation" Great content!

[@JayyKilz]

Estate planning is coming to be very important, and I would like to know more.

[@bfrances2354]

A great CPA is worth their weight in gold. Still looking for mine. Thanks Ken and Eric

[@BrianMCollyer]

Excellent!

[@youseennothing8432]

I would love to learn more about Estate planning! Thank you

[@AlonzoLivin]

Good stuff 👍🔥

[@dhowto3005]

Thanks!

[@MalluStyleMultiMedia]

Good stuff

[@brianb6957]

Voluntary compliance based on self-assessment. That is all.

[@MichaelWilliams-ph4ri]

10:05 A 'home office' must be exclusively used for your business. You can't do anything else in there. But if you are storing inventory - crap - as I write this he is saying it.

[@Techpodshed]

Do you and Robert have the same business accountant?

[@tBone20082]

I would do a Iul over a Roth . Roth ira are variable account and no guarantee income stream

[@k_money]

You missed main loophole. Buying real estate, with cost segregation you can write off almost the whole house. I have video about that with my CPA on my channel.

[@MichaelWilliams-ph4ri]

24:05 That same thing happened to me except I asked a revenuer over the phone and got the wrong answer. Mine wasn't 15 mil, though, just about 38k gain on 110k.

[@stefanesculiviu5230]

If you hold a rental property for 28 years,you take all the depreciation. What will happen after this period ?

[@EcomCarl]

Understanding the various retirement savings options and tax strategies is essential for maximizing your financial future. Leveraging employer-sponsored plans like 401(k)s and exploring Roth IRAs can lead to significant tax savings over time. 💰

[@richjw84]

How come you can use depreciation to report a loss year after year, but you can’t have a regular business report a loss year after year?

[@MichaelWilliams-ph4ri]

After 5 years of losses, they will assume it is a hobby.

[@richjw84]

@@MichaelWilliams-ph4ri Ken did not mention that when talking about real estate. He said it’s operated as a loss. So I’m wondering exactly why one could operate as a loss with real estate but not any other type of business.

[@oleksandrivanovskiy3993]

If your income is above 150 you can’t really use CD any losses

[@X97Media]

👍

[@nadjadavidson411]

Very surprised you didn't mention the # tax shelter: high cash value whole life insurance. What a great play, especially for real estate investors.

[@benjamins8082]

Does Universal work the same way

[@nadjadavidson411]

No,@@benjamins8082 You want total stability when using this product and IUL is subject to market fluctuations. This is not in the best interest of the client.

[@gamingshortschannel1109]

Yes, I understand. But what are you going to do when you can afford rent. Are you going to complain to the government?

[@butterflycrimescene12]

You can get around the hobby issue. The IRS doesn’t audit for hobbies. They don’t care as long as it’s not an obvious fraud.

[@legacyopp9318]

Agree.

[@MichaelWilliams-ph4ri]

I'm sorry - Why is it the rich don't want me to know about IRA's? Come on man!

[@Thedreadedstone]

🧐

[@mikealchin525]

Get rid of IRS and paying taxes to England

[@lanab4103]

Ya all walking into an East Texas wild hog trap ..Read The Great Taking by David Rogers Webb

[@eyelovecolorado2195]

No audio. Please fix

[@mikew4796]

Yup, I thought I was the only one.

[@TK.000]

I have audio.

[@McCarthy8]

After engaging myself in someway of earning more income and stop depending on the government I voted. My family are happy once again and can now afford anything for my family even with my Retirement.$57k weekly returns has been life changing, after so much struggles.

[@KuramaUchiha-id1ow]

Hello how do you make such weekly?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.

[@McCarthy8]

Maria Angelina Alexander I really appreciate her efforts and transparency.

[@McCarthy8]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@amalmberg13]

This is a definition of God's unending provisions for his people. God remains faithful to his words. I receive this for my household.🙏

[@XJames4]

YES!!! That's exactly her name (Maria Angelina Alexander) so many people have recommended highly about her and am just starting with her from Brisbane Australia.

[@raymondzehrung9274]

If only you could spell Depreciation correctly, you might have more credibility.

[@elijahrose7913]

Jesus is LORD

[@samuelroselli138]

Amen!

[@cliffordreynolds7407]

Jesus is Lord. According to scripture, If you read the KJV Lord refers to Christ and LORD refers to GOD.