Being Proactive About Taxes Now Prevents Regret Later

It’s no secret that recently the nation’s mind has been on taxes. Whether you’re getting a refund or writing a check at tax time, filing your returns can be a powerful reminder of just how much of our money goes to the national coffers. Doug Andrew has been very consistent in counseling his clients about the importance of being proactive rather than reactive when it comes to their taxes. While he’s a big believer in our duty to contribute to the service that benefit all of us, he’s also a believer in not having to pay more than is necessary just to feed Uncle Sam’s spending habits. Since effective tax rates are likely to go up, sooner or later, due to the elimination of certain deductions, now is a good time to be proactive.

Here’s a snapshot of some of the subjects Doug goes over in this episode:

  • You’ll learn what the likely effects of the new Trump tax plan could mean for you and your money
  • What are the three deduction benefits that will remain safe and which ones are likely to go away?
  • Changes are coming to the 1031 exchanges and Doug has a wake up call you need to hear.
  • Why does it make sense to raise tax revenues rather than simply raising tax rates?
  • The chances of being in a lower tax bracket at retirement may be slimmer than you think. Learn about the “deduction reduction” and you’ll understand why.
  • Taking action now, rather than waiting a few years, could be the difference between a comfortable retirement and outliving your nest egg.
  • And much, much more…

Start by visiting with a wealth architect today.

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.