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> Or that low and middle income should use it as a model and the practice should be encouraged? Problem with the low/middle income is that where to begin? Ric
by newhotelowner 5y ago
> Or that low and middle income should use it as a model and the practice should be encouraged?
Problem with the low/middle income is that where to begin? Rich people hire lawyers to do the work. Low/middle income like myself knows this is available but can't utilize it as we don't know where to start, how to do it, who to contact and can't afford to hire a lawyer.
- ghaff 5y agoI'm not sure it's so much about not knowing where to start as it is that complex strategies that require lawyers and accountants above and beyond routine tax filings quickly start costing more than any potential tax savings unless there's a lot of money involved.
- newhotelowner 5y agoI know tons of people who don't invest in 401k because they don't understand. I know tons of people don't know how our income tax rate bracket works. I just learned yesterday that you can invest in bitcoin using self directed IRA. I am trying to figure out how to do it, but kind of lost.