Tax Saving Strategies
Perhaps one of the largest aspects of our wealth management practice is that of tax reduction. No matter what strategy we tailor fit for our clients, our focus never leaves tax efficiency. For some of our clients their biggest concern is offsetting their high yearly income. Others have 80% of their social security income being taxed. Others want to eliminate their exposure to estate tax. Others are dealing with flow-through income from a corporate entity. Others are facing long-term capital gains. Whatever the need is we have strategies that we can custom fit to their scenario. No two clients are the same and we take pride in not having the mentality that “one size fits all”.
Many of those in the higher income tax brackets often come to us and will reluctantly get together to talk about taxes, but they have little hope for tax reduction as many CPAs in the past have told them that, because their mortgage is paid off and that they can no longer itemize on their taxes, that they have to pay the tax. We have some tried and true methods to reduce taxes for higher net worth clients. Many times we see 12 to 18% reductions.
Perhaps the biggest concern that we have with our higher net worth clients is the Estate Tax. Many financial professionals are happy to manage your money and hope to make an extra 2 to 3% for you each year, but this is falling far short if there is no planning for the Estate Tax, which can be as high as 55%.
For your free individualized tax efficiency consultation feel free to contact us.
Many of those in the higher income tax brackets often come to us and will reluctantly get together to talk about taxes, but they have little hope for tax reduction as many CPAs in the past have told them that, because their mortgage is paid off and that they can no longer itemize on their taxes, that they have to pay the tax. We have some tried and true methods to reduce taxes for higher net worth clients. Many times we see 12 to 18% reductions.
Perhaps the biggest concern that we have with our higher net worth clients is the Estate Tax. Many financial professionals are happy to manage your money and hope to make an extra 2 to 3% for you each year, but this is falling far short if there is no planning for the Estate Tax, which can be as high as 55%.
For your free individualized tax efficiency consultation feel free to contact us.
