Maximizing Retirement Accounts For Tax Benefits And Wealth Building With Grant Dougherty
Founder & CEO, Grant Dougherty, has always understood the value of teamwork. He grew up playing team sports and noticed the power of what a team could accomplish together. This sense of teamwork stayed with him as went to play baseball collegiately at “the” Prairie View A&M University, where he also studied business and eventually obtained his MBA. Grant noticed in his studies that he had a gift for understanding numbers, a talent that many Americans lack today, and decided this was his way to help by being a good teammate to his community.
[00:01 - 02:10] Opening Segment
- We welcome, Grant Dougherty!
- Working with real estate investors who make less than a million dollars a year
[02:11 - 24:53] Maximizing Retirement Accounts For Tax Benefits And Wealth Building
- Stay out of trouble with the tax code and understand the nuances between expensing and capitalizing
- Proactively planning and setting up the right structures
- Investing outside of business, such as through syndication or retirement plans
- Maxing out retirement accounts can be a great tax advantage
- Self-directed IRAs can be used to invest in almost anything
- Outsourcing to overseas accountants is an option that can save money
[24:54 - 32:10] THE FINAL FOUR
- What's the worst job that you ever had?
- Working retail during Black Friday
- What's a book you've read that has given you a paradigm shift?
- “The Intelligent Investor” by Benjamin Graham
- What is a skill or talent that you would like to learn?
- Speaking any language
- What does success mean to you?
- Grant Dougherty says, “Being at peace and comfort with oneself, being able to hang out with family whenever you want to, to me that would be success.”
Connect with Grant Dougherty:
LinkedIn: Grant Dougherty
Twitter: @doutaxsolutions
Instagram: @doughertytaxsolutions
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Tweetable Quotes:
“Having that customer care because every client is different and something different, makes everyone tick, and you just have to figure out who you're working with.” – Grant Dougherty
“One of the things that small business owners nee