AXIOM Financial Advisory Group

7373 E. Doubletree Ranch Road, Suite 170

Scottsdale, AZ 85258

info@axiomcorp.com

Tel (480) 367-9000

Armando G. Roman CPA/PFS MBA

Wealth Manager

How can a wealth manager help you pay less taxes?

The wealth manager is typically not the tax expert. Tax expertise should be left to the tax CPA. The firm's founder has many years experience managing his own tax practice.  He recognizes that tax laws change constantly which is why we don't do taxes, we don't give tax advice.

 

There is no single answer to the how-do-you-pay-less-taxes question, especially when you take into consideration risk tolerance, concentration of investments, client age, time horizon, financial situation, etc. It's like anything else: evaluate alternatives, choose the one or ones that fit best. In that regard, consider the following:

  • Oil and gas investments.  Intangible drilling costs can reduce adjusted gross income in the year of initial investment and in subsequent years.
  • REITs.  Cost segregation and bonus depreciation can accelerate expenses, offsetting early distributions making those distributions tax-free.
  • Qualified plans.  Qualified plans can reduce company profits thereby reducing income taxes.
  • Annuities.  Earnings inside an annuity are untaxed until withdrawn.
  • Life insurance.  Earnings inside a life insurance policy are untaxed.

 

To learn more, download the article below.

How a wealth manager can help reduce your taxes.
How a wealth manager can help reduce inc[...]
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