I’m curious if there are any obvious tax avoidance Tricks or approaches I’m missing out on in how I save and invest. This isn’t about how much money saved or investment strategies but tricks like the backdoor Roth I might be missing.
I max out 401k and mega backdoor Roth
6k to backdoor Roth IRA
Max out espp and sell immediately
5k for dependent care fsa
No HSA or HDHP. I just haven’t wanted to bother but I know that’s a thing.
I use fidelity charitable to donate appreciated stock to avoid capital gains.
Any tricks I’m missing out on?
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The next step is real estate and depreciation (a.k.a the Trump method)
Gains are not taxed,
Money is not taxed when withdrawing...
E.g. 401k is just single tax advantage account..
Brokerage account it's no tax advantage account..
That being said, donating stock is logistically annoying. Fidelity charitable is a “donor advised fund” that you donate stock to, the make grants to charities from there.
Basically if you want to donate it's much more convenient than cash , but if you don't want to donate in the first place it's still money going out
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