Tax Planning Made Easy
Growing need for tax relief
The average American pays more for taxes than food, clothing and housing combined1. Without the proper planning, investment earnings can make your tax burden even heavier.
Higher total return potential
For investors in the highest federal tax bracket, taxes can reduce an 8% annual return to as low as 5.2%. Over time, that may mean the difference between reaching a financial goal and falling short.
The power of tax-advantaged compounding
Investment earnings within IRAs, 401(k)s, annuities and certain education accounts are not subject to current year taxes. Because money that would otherwise go toward taxes remains in your account, it has the potential to compound and grow faster for the future. Depending on the account, taxes are either deferred until qualified withdrawals begin or eliminated altogether. Your financial advisor can tell you more.
Favorable tax rules
Under current laws, tax breaks that were set to expire in 2011 have been made permanent. This allows you to avoid federal taxes on qualified withdrawals from 529 college savings plans and to make higher contributions to employer-sponsored retirement accounts and IRAs.
Tax Planning For Business Owners
Starting a Business can be complicated. There are many issues that face: how much capital do you need? Do you need a LLC Formation ? When should you hire employees?