10 Ways The RICH Avoid Paying Taxes (And YOU Can Too)

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Let's discuss 10 tax strategies that the rich use to optimize their finances and that you might want to consider for yourself.

Retirement savings aren't just about IRAs and 401(k)s. The rich often invest in defined benefit plans, allowing them to contribute significantly more—sometimes over $500,000 a year!

These strategies are about understanding and leveraging the incentives within the tax code to your advantage.

Throughout the video, I'll break down each of these strategies and more, helping you understand how you can legally reduce your tax burden and keep more of your hard-earned money.

Feel free to leave your questions and comments below. We love hearing from you and are here to help you on your financial journey.

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Show Notes:
0:00 Intro
2:57 Retirement Accounts
5:45 Tax Deferred Investments
8:45 Loss Harvesting
12:25 Real Estate
17:43 Charity
22:33 Trusts
25:18 Businesses
30:32 Tax-Free Bonds
32:59 Life Insurance
38:13 Tax Efficient Funds
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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