What Are the Wealthy Really Worried About?

Businessman,In,Formal,Suit,Is,Sitting,On,Orange,Armchair,And

At GROCO we work very closely with some of the most highly successful people in the world and because of that we know what makes these types of individuals tick. We understand how they think and how they operate and we offer top notch business consulting to help them be successful. We also know what the wealthy are really worried about. And when it comes to investing, wealthy investors’ biggest concern is to protect their wealth, even more so than big returns.

In fact, wealthy investors typically focus on a few particular strategies as they ultimately make plans to pass on their values and their wealth to future generations. Because we work with many of these individuals we are able to share with you the most common strategies employed by the highly successful. Let’s take a closer look.

Creating an effective cash-flow model is at the top of the list of most wealthy investors. Another common strategy used by many of the wealthiest clients we have is to maximize their retirement accounts. That means that they contribute as much as they can to their retirement accounts. Backdoor Roth conversions are also another popular move commonly employed by the wealthy.

Wealthy investors also focus on lowering their income and their capital gains taxes, as well as doing everything they can to avoid estate taxes. Lastly, many of the wealthiest people we work with put a strong emphasis on philanthropy. They not only put a plan in place to distribute their wealth but also their values.

At GROCO, we know that the wealthy have a lot of things to be concerned about, not the least of which is protecting that wealth. That’s why we help the highly successful prepare for the future with careful tax planning and business consultation, among other things. We can help you, too. Just click here to contact us or give us a call at 1-877-CPA-2006.

Posted in
Planning with cryptocurrency

Planning With Cryptocurrency – Part III Minimizing the Tax Effect of Cryptocurrency Transactions

Planning with cryptocurrency continued…  In my previous article, I covered how cryptocurrency is taxed and hard and soft forks.  This article addresses different strategies for minimizing the tax effects of selling cryptocurrency. I will cover the following topics in subsequent articles: What happens if I contribute cryptocurrency to a partnership or corporation? What should I…

The Biden Administration Corporate Tax Proposal

2020 IRA Contributions Extended To May 17

In Today’s Show:
1) Clarification: The deadline f…

Finding a Niche in the Hispanic Market for your Small Business; family offices after the era of COVID 19

Family Offices after the Era of COVID 19

Are family offices after the era of COVID 19 emerging stronger from the global pandemic? How are family offices reacting to the policies of the new US administration, both in the US and globally, in terms of their investment strategies and structures? With the acceleration of impact investing, led by the next-generation, are family offices…

The Biden Administration Corporate Tax Proposal

The Biden Administration Corporate Tax Proposal

In Today’s Podcast:

1) The Biden Administration …