Wealth Independence Podcast
The Wealth Independence Podcast guides high-income tech professionals through proven strategies for building passive income and achieving true financial independence.
Hosts Dustin Bailey and Adam Penn share battle-tested frameworks, real-world case studies, and hard-won lessons from their years of experience in private markets and alternative investments. Each week, they break down complex investment concepts, analyze current market trends, and interview successful investors and industry experts.
Through a freedom-first approach that emphasizes passive income, smart diversification, and thorough due diligence, learn how to shorten your learning curve and avoid common pitfalls on their path to financial independence.
Whether you're looking to understand private placements, real estate fundamentals, or alternative investment opportunities, Wealth Independence delivers actionable insights that help busy professionals make informed investment decisions.
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Wealth Independence Podcast
v1.41 - Tax Planning for Passive Investors
Dustin and Adam dive deep into proactive tax planning strategies specifically designed for passive investors. They explain why waiting until March to think about the previous year’s taxes is too late and share their systematic approach to tax optimization throughout the year.
The discussion includes the short-term rental “loophole” strategy for W-2 earners, qualifying for real estate professional status, and the critical importance of working with qualified tax professionals who understand alternative investments. Key topics include the tax benefits of oil and gas investments, cost segregation studies, and bonus depreciation opportunities.
They also address a common pitfall of letting tax optimization drive poor investment decisions rather than incorporating tax benefits into sound investment strategies, and Adam shares his personal approach of conducting mid-year tax planning sessions.
Watch episode on YouTube: https://www.youtube.com/watch?v=PDLi2zRG6-k
See all Wealth Independence episodes at https://www.wealthindependencepod.com
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This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.
