A recent Reddit discussion highlighted strategies for using a large deferred compensation payment, emphasizing the benefits of real estate investment. The Redditor plans to retire at 55 with a significant lump sum but can defer payouts. Buying rental properties allows for cost segregation, enabling substantial tax deductions. By purchasing properties before receiving a windfall, the Redditor could potentially eliminate tax liabilities. Additionally, similar strategies with luxury cars under Section 179 of the tax code can enhance financial benefits. Engaging a tax professional is advisable for proper management.
If you have enough rental properties that you cost segregate when receiving the deferred compensation, you might even get a tax refund on top of the windfall.
Real estate is one of the best investment opportunities for people who want to make money and lower their tax bills.
Collection
[
|
...
]