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 Man Behind Morganstar Media | Randall Morgan
Interview transcript of Randall Morgan for the American Dreams Show, “The Man Behind Morganstar Media”: Alan Olsen: Can you tell us about your background and how you ended up working with Jane Goodall? Randall Morgan: I was a graduate student at Stanford, and had just finished my masters in documentary film, in walks Jane…
Restoring the California Dream | Lenny Mendonca
Interview transcript of Lenny Mendonca for the American Dreams Show, “Restoring the California Dream”: Alan Olsen: Can you share a little about your background? Lenny Mendonca: I went from growing up on a dairy farm in Turlock California milking cows to Harvard where I majored in economics and government. From there I went…
California, Who’s Really Running the Government? | David Crane
Interview transcript of David Crane, “California, Who’s Really Running the Government?”, by Alan Olsen, Host of the American Dreams Show: Alan Olsen: Can you share a little about your background? David Crane: I was born and raised in Denver and graduated from public high school out there. I graduated from the University of Michigan…
How Hiring An Esquire Is Revolutionizing Hiring For Contract Attorneys | Julia Shapiro
Interview transcript of Julia Shapiro, “How Hiring an Esquire is Revolutionizing Hiring for Contract Attorneys”, by Alan Olsen, Host of the American Dreams Show: Alan Olsen: Can you share a little about your background? Julia Shapiro: I was and am an attorney and I practiced at a large commercial litigation firm. I went pretty…