MB 140: Building ‘Wealth Unbroken’ Through Multifamily Real Estate – With Rebecca Walser

If you follow the advice of a traditional financial planner, you are likely counting on a 401(k) and investments in the stock market to sustain you through retirement. Yet those vehicles are both subject to market volatility and assume that the tax rate will remain the same for the foreseeable future. Rebecca Walser is NOT your traditional financial advisor, and she has designed a better strategy for building long-term wealth—a strategy that includes investing in multifamily real estate. Rebecca is a tax attorney, wealth strategist, Certified Financial Planner, and one of Investopedia’s 2018 Top 100 Most Influential Financial Advisors. She has combined her expertise in law and finance to design a unique approach to building and sustaining wealth that conventional advisors won’t consider. Rebecca has been featured in Bloomberg Business, The Boston Globe, and The Miami Herald, among many other media outlets, and she is the author of the groundbreaking book, Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes, and Even Death. Today, Rebecca joins me to explain why the 401(k) is a big mistake (unless your employer matches funds) and share her insight around deferring taxes until retirement. She covers the best alternatives to the 401(k), the greatest threats to building wealth, and the non-traditional asset classes that aren’t subject to market volatility. Listen in for Rebecca’s take on why traditional financial advisors don’t recommend real estate investments and learn the three key takeaways from her bestseller, Wealth Unbroken. Key Takeaways What sets Rebecca apart from other financial advisors Ten years of experience in finance industry Advanced degree in tax law Why Rebecca considers the 401(k) a big mistake Hasn’t changed since inception in 1981 Boomers retiring + likely tax increase The danger in deferring taxes until retirement Assumes you will earn less, tax rate stays same Taxes currently at lowest rate since 1930’s Rebecca’s top alternatives to the 401(k) Roth IRA Cash value life insurance The greatest threats to building wealth Market volatility (correction coming) Reported returns don’t account for lows Rebecca’s best strategies to avoid market volatility Real estate Short-term CDs Bonds (held to maturity) Why traditional financial advisors avoid real estate Don’t have control or feel equipped Don’t bother with strategies outside norm The key takeaways from Wealth Unbroken Can’t afford lows of 100% market-based portfolio Convert 401(k) to Roth NOW while taxes ‘on sale’ Leverage non-traditional asset classes (non-negotiable #) Connect with Rebecca Walser Wealth Resources Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes, and Even Death by Rebecca Walser Patrick Donohoe on ABI EP128 Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe Invest with Michael