In this episode of the REsimpli podcast, host Sharad Mehta chats with Adam Koós, a seasoned financial advisor, about his journey and invaluable financial insights. Adam, hailing from Columbus, Ohio, shares his transition from aspiring trauma surgeon to financial advisor, influenced by his father's suggestion. He discusses the importance of managing risk and taxes for real estate investors and introduces the concept of 1031 exchanges and Delaware Statutory Trusts (DSTs) as strategies to optimize real estate portfolios and defer taxes.
Adam also delves into the emotional aspects of selling a business and the necessity of having a comprehensive financial and life plan post-retirement. He emphasizes the need for diversification, proper financial planning, and the importance of being prepared for unexpected life events.
Key Points:
Adam's background and transition to financial advisory
Importance of managing risk and taxes in real estate investing
Overview of 1031 exchanges and DSTs
Emotional challenges and planning for selling a business
Importance of diversification and comprehensive financial planning

And if you'd like to contact him, here's how-
Libertas Wealth
Elevate and Exit

For more insights, tune in to this enlightening conversation with Adam Koós, packed with practical advice and strategies for real estate investors and business owners.

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