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.
Sum Of All Numbers | Holly Devito
About Holly Devito Holly’s goal is to provide reliable, accurate and cost-effective accounting solutions for each of her clients through her demonstrated knowledge, professionalism, and trustworthiness, attention to detail and passionate commitment to customer satisfaction. A Certified QuickBooks Pro Advisor, Holly brings more than a decade of business experience in a variety of industries including:…
Spoon Rocket | Anson Tsui
About Anson Tsui Along with a nationwide push to eat healthier comes a new type of fast food- Spoonrocket. Spoonrocket is a company that delivers healthy, organic meals to your doorstep- for just $6.00 and in under 10 min. The concept came emerged as its founder and CEO, Anson Tsui, prepared to graduate from…
Online Emotional Analytics | Armen Berjikly
About Armen Berjikly Mr. Armen Berjikly founded Kanjoya Inc.(formerly Experience Project, Inc.), in 2007, and currently serves as its Chief Executive Officer. Mr. Berjikly graduated with honors from Stanford University, with a Bachelor’s Degree in Computer Science, and a Master’s Degree in Management Science and Engineering. Berjikly’s honors include being one of the youngest…
Transitioning Accenture | Douglas Scrivner
About Douglas Scrivner Doug Scrivner, former General Counsel of Accenture, retired in 2011 after 31 years with the company and 14 years as General Counsel. During his tenure, he built a legal group of over 400 lawyers in 35 countries and also over saw the company’s government relations function and served as Corporate Secretary,…