faith based financial advisor

In this episode of the Red Barn Financial Podcast I have a great conversation with business broker Russell Carriere of First Choice Business Brokers.   Russ is a 30 year entrepreneur who helps business owners understand what their businesses are worth and how to position a business for sale in the near or distant future.

Russ can be contacted here:  

Website:  https://nashville.fcbb.com/

email:  Russell.carriere@fcbb.com 

Phone:  (615) 288-6886

To reach out to Sean Moran at Red Barn financial please call 615-619-6919 or email smoran@redbarnfinancial.com  Learn more about Red Barn Financial on our website www.redbarnfinancial.com

Disclaimer:  The information in this podcast is not tax, legal or financial advice.  Please consult a financial advisor for information on your specific situation.  Opinions expressed by guests are their own.  The appearance on the Red Barn Financial Podcast by any guest does not constitute an endorsement.

Ep. 69 Where you put your money is as important as how much you have.  You want to be tax efficient with your money so the particular account you put different assets in will drive whether they are efficiently taxed or not.  In this episode of the Red Barn Financial Podcast I will share some factors you need to consider when you are choosing where and with what assets to invest.

For example, if you put dividend paying stocks in your brokerage account you will pay taxes on the dividends in the year you earn them.  If you put them in an IRA then you defer the taxes to a future year.   On the other hand you turn capital gains into ordinary income in the IRA.   

With respect to real estate, if you have that in an IRA account, lose the opportunity to depreciate the property, you can't use it personally and you also lose capital gains tax treatment which can be beneficial.   

Disclaimer:  The information contained in this podcast is for informational purposes only and is not financial advice.  Everyone's situation is different, so you should discuss your needs with a financial advisor like me.

Contact information:  Red Barn Financial Sean Moran - smoran@redbarnfinancial.com 615-619-6919   www.redbarnfinancial.com