This week Mike D’Ambrosio is joined by tax deferral strategist Carl Warden from Exchange Solutions. Mike and Carl discuss how many baby boomers have not saved enough for retirement and are reliant on their homes worth. Carl then moves onto today’s main topic, Deferred Sales Trusts, giving us examples to explain how they work and 3 major pros of using them. He also offers us downsizing strategies and responds to a caller’s question about tax implications and penalties on an investment property his parents plan to liquidate.
To contact Mike D’Ambrosio you can visit his website at www.MikeSellsSiliconValley.com, email him at firstname.lastname@example.org or call at (408)630-0101.
Be sure to call in with your questions during the show at 1(800)516-1220 between 3:00 p.m. and 4:00 p.m. PST on AM 1220 KDOW. To learn more about all our hosts and how to contact them, simply visit www.RERadioLive.com.
All the information in this podcast is broadcast in good faith and for general information purpose only. We do not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk. We will not be liable for any losses and damages in connection with the use of associated information. www.reradiolive.com All Rights Reserved. Copyright 2015. Joe Cucchiara MLO 273084 This is not a commitment to lend. Bobbi Decker CalBRE 00607999. Mike D’Ambrosio CalBRE 01841982. Our team fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/.