5 Talents Podcast - How To Build Wealth Like the 1%

Bernard Reisz - What You Don't See is What You Get in Financial & Tax Services

January 11, 2021 Abel Pacheco Season 1 Episode 77
5 Talents Podcast - How To Build Wealth Like the 1%
Bernard Reisz - What You Don't See is What You Get in Financial & Tax Services
Show Notes

Our guest for today is Bernard Reisz, Founder and Chief Executive Officer of 401KCheckbook.com, which supports investors on investments through retirement accounts. Bernard covers a lot of areas in this real estate space, which we don’t usually talk about. He will demystify qualified retirement plans, share the secrets of different tax services, and give us tips to leverage all these in real estate investing. 

Let’s tune in now and learn more about financial and tax services in real estate! 

[00:01 - 09:14] Opening Segment

  • Let’s get to know Bernard Reisz 
  • His story about leaving Corporate America
  • The different risk management and insurance designations

[09:15 - 20:27] Maintain Your Retirement Accounts

  • The importance of knowing financial and tax services
    • Bernard explains 
    • What are “naked retirement accounts” for Bernard?
  • Bernard tells us how to invest passively with our retirement accounts 
  • Keep your money on your retirement accounts
    • What’s this specific scenario where it’s advisable to withdraw your money? 

[20:28 - 31:19] Unrelated Business Income Tax

  • The 3 common mistakes on Unrelated Business Income Tax (UBIT)
  • Facts about Qualified Retirement Plans (QRPs) you should know
  • Insights about Unrelated Debt-Financed Income Tax (UDFI) you shouldn’t miss

[31:20 - 48:16] Unrelated Business Taxable Income

  • How to leverage the net taxable income? 
  • Bernard shares his thoughts about Unrelated Business Taxable Income (UBTI)?
  • How are QRPs and solo 401(k) related?
  • Bernard talks about the services they offer 

[48:17 - 53:54] Closing Segment

  • Connect with Bernard - links below
  • Final words from Bernard and me

Tweetable Quotes:

“Real estate is tax-efficient whether you’re a passive [or] active investor.” -  Bernard Reisz

“The title itself and the designation and certification [don’t] mean that much. It’s more about what you are as a person.” -  Bernard Reisz

Resources Mentioned:


Connect with Bernard on LinkedIn. Facebook, and Twitter. Visit his company online and on LinkedIn and Facebook

Guest email: bernard@resurefinancial.com

Connect with me:





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