How To Minimize Taxes During Retirement

If you’re like me, you have a 401k, Roth IRA, taxable brokerage accounts, and you’ve contributed to social security through the years.  All these vessels have different tax benefits and tax requirements when you make your distributions.  Here’s how I would maximize my money by minimizing taxes.  This will be applicable if you’re retiring now, helping your parents out, or if you’re planning for the future which I am.

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Deducting Business Use of a Car and Recapture

I love getting a good deal!

One of the greatest things of running a business is that you get to deduct business expenses.  I live in California and for the most part when I buy a business item, I almost feel like I get it for about 35% off!

How did I get 35%? Well i’m in the 28% federal bracket and about like 9.3% in the state bracket.  That’s like 35%ish. Close enough 😀

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