How to retire with millions (and pay $0 taxes)
About This Episode
Sam Parr and Shaan Puri are joined by Ankur Nagpal to discuss high-level wealth management, tax optimization strategies like direct indexing, and the technicalities of the Mega Backdoor Roth IRA. They also brainstorm business opportunities in the burgeoning proactive health market, niche sports like Padel, and travel concierge services.
Episode Description
Show Notes
- 0:00Ankur's portfolio experiment
- 10:46A case for direct indexing
- 16:29Super backdoor roth conversions
- 20:59Mega backdoor conversion
- 23:52IDEA: Executive Clinic for Aesthetics
- 32:32IDEA: Amish Farm Imports
- 36:18IDEA: Credit Card Agent
- 43:01IDEA: Homeownership app
- 47:35IDEA: Padel club
- 56:31IDEA: Buying a sports team
Links
Check Out Shaan's Stuff
- Shaan's weekly email
- Visit
- Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
- Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
Check Out Sam's Stuff
Key Takeaways
Utilize direct indexing to harvest tax losses at the individual stock level while maintaining the performance profile of an S&P 500 index fund.
Maximize tax-free retirement growth by leveraging the Mega Backdoor Roth IRA loophole to contribute up to $70,000+ per year through a structured 401k.
Capitalize on the proactive health trend by shifting away from reactive medical systems toward concierge services that prioritize maintenance, longevity, and aesthetics.
Business Ideas Mentioned
Concierge Health for Physical Aesthetics
Agency
Bypass US Food System Marketplace
Marketplace
AI Travel Concierge for Points
AI & Automation
Regional Padel Club Expansion
Real Estate