Build More Wealth Tax-Free Safely Using an IRS Rule Like Millionaires Do

#passiveinvestor #commercialrealestate #constantdealflow #IRSrule #taxfreewealth By investing in a Roth IRA, individuals can grow their wealth tax-free and enjoy tax-free withdrawals in retirement. 🌎 Build your nest egg by investing in The Nest Egg Builder Commercial Real Estate opportunities! Visit our website to learn more about who we are and what we do! https://thenesteggbuilder.com/ 👉 Subscribe to The Nest Egg Builder Channel: https://shorturl.at/cgU48 📺 Join our weekly show and ask any question you want on Tuesdays at 2 pm (PDT)/5 pm (EDT) – Get on the reminder list https://thenesteggbuilder.com/nest-eg.... William H. Steiner discussed how millionaires use an IRS rule to build more wealth tax-free safely. Millionaires and savvy investors often use a variety of IRS rules and tax-advantaged strategies to build wealth and minimize their tax liabilities. Here are some of the most common approaches: 1. Roth IRA Contributions and Conversions •IRS Rule: Contributions to a Roth IRA grow tax-free, and withdrawals in retirement are also tax-free. •How millionaires use it: While high-income earners can’t directly contribute to a Roth IRA, they use a backdoor Roth IRA by contributing to a traditional IRA and then converting it to a Roth IRA. This allows them to enjoy tax-free growth and withdrawals later on, safely compounding their wealth over time without future tax liabilities. 2. 1031 Exchanges for Real Estate •IRS Rule: A 1031 exchange allows investors to defer capital gains taxes when they sell an investment property and reinvest the proceeds into another similar property. •How millionaires use it: They defer paying capital gains taxes indefinitely by continually rolling over profits from one real estate investment to another. This allows them to grow their real estate portfolios without the immediate tax burden, safely compounding their wealth in real estate. 3. Health Savings Accounts (HSA) •IRS Rule: Contributions to an HSA are tax-deductible, growth within the account is tax-free, and withdrawals for qualified medical expenses are tax-free. •How millionaires use it: They maximize contributions to HSAs and invest the funds, allowing tax-free growth. Over time, these accounts can be used in retirement for medical or other qualified expenses, providing a safe, tax-free method to grow wealth. 4. Qualified Opportunity Zones (QOZ) •IRS Rule: The Opportunity Zone program offers tax deferral and even tax-free appreciation when capital gains are invested in designated Opportunity Zones. •How millionaires use it: By investing capital gains in these zones, they defer taxes on the original gains, and if held for ten years, the appreciation on the new investment is tax-free. This offers a safe way to grow wealth while supporting economic development. 5. Municipal Bonds •IRS Rule: Interest earned on municipal bonds is exempt from federal income tax and sometimes from state and local taxes. •How millionaires use it: They invest in municipal bonds for a low-risk, tax-free income stream. While the returns may be lower than riskier investments, the tax-free nature of municipal bonds makes them an attractive, safe wealth-building tool. By leveraging these IRS rules, millionaires can safely grow their wealth tax-free while taking advantage of tax-deferred strategies, minimizing risk, and maximizing long-term returns. Owner and founder W.H. Steiner specializes in teaching how to build wealth tax-free with the power of uninterrupted compound interest while safely avoiding the volatility of the insurance industry market. Insurance has evolved, and the 702s Plan provides information on accumulating cash using the IRS tax code 7702. Learn more about our 702s Plan to create unprecedented wealth. Through his services, William helps individuals learn risk-free techniques to create generational wealth for their families and communities. William is dedicated to providing this education. Hence, our community remains vital for future generations! 🌎 Build your nest egg by investing in The Nest Egg Builder Commercial Real Estate opportunities! Visit our website to learn more about who we are and what we do! https://thenesteggbuilder.com/ 👉 Follow us on LinkedIn and Facebook. Subscribe to The Nest Egg Builder Channel: https://shorturl.at/cgU48 📺 Join our weekly show and ask any question you want on Tuesdays at 2 pm (PDT)/5 pm (EDT) – Get on the reminder list https://thenesteggbuilder.com/nest-eg.... Click on The Nest Egg Builder Show box. 👉 To receive the Financial Freedom video series, click here https://thenesteggbuilder.com/12-nest... #industrialandwarehouserealestateinvesting #multifamily #realestateinvestmentproperty #commercialrealestateinvesting #legacywealth