Successful Investing With Taxes in Mind
There are many ways to earn money, but no matter how you get your income the IRS wants its piece of the pie. That includes any gains you make from your investments when you sell them. Although everyone does have to pay tax on their gains, you shouldn’t give the IRS any more than what you’re legally obligated to pay
With that in mind there are some strategies you can implement to be a tax-conscious investor. Contributing to a tax-differed retirement plan is a great way to save money. Although you will eventually have to pay tax on the income, you can accumulate a significant amount.
Another option is to consider tax-exempts. These are not for everyone, but if done right these investments can in some cases provide an investor with more gains than the after-tax return from a taxable investment would.
Mutual funds are another type of investment that can pay big dividends, but they must pay out their gains every year. That means unless you have losses from other stocks to offset those gains, you will need to pay taxes on them.
Anyone can invest, but not everyone knows how to invest wisely when it comes to taxes. If you would like to learn more about how to become a tax-conscious investor, then click here, or contact us at GROCO today. We can help you make wise investing decisions when it comes to your taxes. Call 1-877-CPA-2006 or click here to contact us online.
How Can I Sustain My Family Wealth?
How Can I Sustain My Family Wealth? At GROCO we work with some of the most successful and wealthiest people in the world. We’ve seen a lot of clients come through our doors and we’ve learned a lot about what makes them successful. We’ve also enjoyed much success in our own right. Our clients have…
Wealth Building: Six Keys
Wealth Building: Six Keys By Scott Hove There are keys to wealth and success that those who have attained them understand. If you wish to build wealth and achieve success then it’s crucial to implement the keys discussed below. Here, then, are six things that the successful understand and implement. As you read them, please…
Real Estate Investing: Lease Options Offer Multiple Profit Opportunities
Real Estate Investing: Lease Options Offer Multiple Profit Opportunities By Jordan Taylor Mention “real estate investing strategies” and the first thing that typically comes to mind is buying and selling. But a strategy often overlooked and underutilized is the option—and the smart use of options can generate some fast and impressive profits. An option…
Behavioral Finance: Beyond Greed and Fear
Behavioral Finance: Beyond Greed and Fear “Modern portfolio theory,” a complex mathematical system explaining the workings of the financial markets, has been quite influential on the thinking of investment managers over the last quarter century. The theory derives from the work of a handful of finance professors, several of whom were awarded Nobel Prizes for…