[Jeff]

Once you get to your number, or maybe it’s In process of investing. What’s the info source for a tax strategy to minimize taxable income?

I’m looking for reliable resources to help me develop an effective tax strategy aimed at minimizing income taxes. Whether you’re an expert or someone who’s had success in reducing their tax burden, I’d love to hear about your experiences and recommendations.

What are the best sources of information—books, online platforms, professionals, or government resources—that provide proven strategies for tax minimization? Specifically, I’m looking for tips and methods that are legal and effective for individuals or small businesses.

I’m interested in understanding strategies such as tax deductions, credits, and any lesser-known opportunities to reduce taxable income.

If you’ve implemented any strategies personally or know of any expert advice, please share your insights. What should someone do to get started, and what resources have been most helpful in your journey to minimizing taxes?

Looking forward to hearing your thoughts and experiences.

Thanks in advance!

[Robert]

I have a KILLER Tax Accountant/CPA. He and I spent about 30 mins on the phone yesterday; and right off the top of my head, I don’t remember what he charges, but given his excellent advice, I don’t really care. That guy is worth his weight in gold.

A lot of what we were talking about is just what you have stated above- in my case, it’s my tax strategy to minimize my taxable income, given that 1) I’m making more than I have ever made, and 2) I anticipate retiring around/about Spring/Summer/Fall 2030.

[Scott]

Personally, the depreciation in my rentals keeps that income low. Every year I do tax loss harvesting, and when I sell, I sell last in first out.

I also run some life expenses through an llc to further reduce taxable income.

[Tristan]

This is where a good financial planner who specializes in tax efficiency comes in to play

[Tristan]

This is where a good financial planner who specializes in tax efficiency comes in to play

[David]

Depends but this is where understanding this tax stuff ahead of time on the journey matters.
Use Roth accounts and do Roth conversions so you can access that money in 5 years tax-free.

I try to keep myself in the 12% bracket and I find that easy to do.

To me, the biggest thing is understanding how taxes work and doing as many Roth conversions as possible to access tax-free money.

[Leona]

I’m interested to know what people are doing too!!
I just reread “quit like a millionaire” and she has some example portfolios that are helpful when it comes to early retirement.

(Chapters 12 and 13 if you want to skip to it)

[Elie]

The tax strategy should start way before you hit your number or anywhere close. Check out the book “power of zero”.

It’s all about how you set up your buckets

[Knee]

Dont let the tax tail wag the dog. That said, I use ROTH accounts and real estate. My goal is to have the real estate fund the lifestyle +15% for unexpected expenses.

Roth and hsa will cover likely increases in medical down the road.

[Author]

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