The Buy, Borrow, Die strategy is the best tax planning strategy. You can use this strategy to build wealth while paying little to no tax. In connection with using this strategy, you will need to take a loan out against an asset you own. Watch this video to understand how you should think about ways to repay the loan when you use Buy, Borrow, Die for your investments.
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Video Contents:
00:00 - Intro
02:32 - Recap: What is the Buy, Borrow, Die Strategy?
06:07 - How Do I Repay the Loan?
12:41 - Common Variations of Buy, Borrow, Die
20:19 - Double-Dip Approach
⚠️ Exercise caution before using this strategy. Do your own research and make sure you fully understand the risks you are undertaking!
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The information provided in this video is owned by Winsmith Tax LLC and is solely for informational and educational purposes. It is not intended as investment, legal, or financial advice. Always consult with a professional familiar with your unique situation, or conduct your own research before making any decisions. We might receive commissions for recommending certain products or services.
2 июл 2024