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.
The Master Tailor | Panos Aristakessian
About “Peter” Panos Aristakessian As a young boy Peter attended on of the finest tailoring houses in Beirut Lebanon. Driven from the country due to genocide Peter eventually found himself living in San Francisco. With only a little more than $2 in his pocket he began knocking doors seeking to demonstrate his skill in…
Building Stronger Structures and Character | Bradley Bateman
About Bradley Bateman CEO Bradley Bateman has extensive history with Dome Technology. Many years ago prior to starting his engineering degree, he worked for the company as a member of the dome construction crew. As a laborer “I really fell in love with the process and the product and have been an advocate ever…
Chatham Created Gems and Diamonds | Tom Chatham
About Carroll Chatham In the 1920’s, Carroll Chatham at the age of 12 built his first gem growing laboratory in his family’s garage. By 1938 he had mastered growing emeralds and went on to growing rubies, sapphires and other precious stones. In 1965, his son Tom Chatham joined him in business and was eventually…
Jump Gaming – Indie Gaming Platform
Transcript, Jump Gaming – Indie Gaming Platform | Anthony Palma Alan Welcome back. I’m here today with Anthony Palma. He’s the founder and the CEO of Jump. Anthony, welcome to today’s show. Anthony Thanks for having me, Alan. Alan So Anthony, for the listeners, can you give us the background of, you know how…