A Tax-Efficient Approach Can Lessen Your Burden
It’s said that only two things are certain in life: death…and taxes! And while there’s not much you can do to avoid the former, with prudent planning and foresight, you may be able to help minimize the latter.
A well-planned tax strategy can yield great benefits – but it’s usually helpful when this is done professionally, and earlier on during your wealth accumulation cycle. Our tax-efficient philosophy is not centered on tax avoidance, but rather on helping you structure your finances, so you and your family aren’t overburdened by undue tax liability.
What Does it Look Like?
Consider this possibility: Say you are able to find $250 in tax savings each year and invest it at a 5% rate of return annually. There’s a chance you could have a tidy sum of over $15,250 waiting for you by the time you retire in 30 years! …That sounds a lot better than the $7,500 – with no savings accumulated – that would have resulted with no action.
Deferring current tax obligations can help in the present, but our team takes that a step further, looking for opportunities to help grow those savings while being aware of potential future tax liabilities.
We will help you with:
- Saving and Investing – Our tax-efficient strategies advice will include considerations on whether you should invest with pre-tax dollars, or post-tax income.
- Future Income Planning – Dividends, interest, annuity payments, capital gains, inheritances, and employer and government benefits are potential income streams in retirement and before which all have unique tax implications we help you consider.
- Staying Comfortable in Retirement – We will help you foresee impacts to your future net wealth. If left unchecked, your net wealth could be diminished due to claw-backs to benefits, and the possibility of erosion to your estate through substantial taxes.
- Leaving a Legacy – We’ll help you mitigate possible tax impacts when it comes to your estate. A good plan will help you share more with future generations without passing along an unnecessary tax burden.
Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.
Taxes Don’t Have to be a 5-Letter Word
There’s no avoiding taxes. But a sound strategy for approaching current and future taxes that can help you focus on retirement instead of bills. Fill out the form below and see how you can gain peace of mind.
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