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The money you keep is one of the most important keys to any successful wealth management plan. And with the year winding down, it’s important to consider the strategies that are available to you to save money on your taxes. Today, an old friend and highly respected tax expert stops by to offer his timely and valuable insight coming up on Your Money Manual. On this edition of our program, we visit with Trent Erickson, partner at Legacy CPAs in Mesa, Arizona. Trent is a highly respected for his deep knowledge of the tax code and how high net worth individuals can keep more of their money through careful, legal strategies they may not be familiar with.
On this episode, you'll learn:
1) (04:30) How and why you may want to consider converting your IRA to a Roth IRA that also invests in development opportunities with important tax and earning benefits.
2) (08:25) About the real likelihood of increased taxes in the very near future and what you need to begin thinking about in order to prepare in advance to protect your assets.
3) (13:00) How to defer taxes on the sale of highly appreciated assets through the use of a Legacy Installment Trust.
If you’re interested in keeping more of what belongs to you—more of your hard-earned assets that is, --a great way to do that is to take advantage of the tax strategies that may be right for your situation. For starters, we have a great, free white paper for you to get right away entitled Tax Planning Strategies and Solutions. Simply click over to the Wealth Strategies Advisory Group website at wsagaz.com. That’s wsagaz.com, and click on the image of Uncle Ben Franklin on the left of the homepage. You can’t miss him. When the page opens, complete the quick form with your name and email address, and you’ll receive instant access to the Tax Planning Strategies and Solutions white paper with our compliments. Again, visit wsagaz.com to get that free white paper soon. Your Money Manual is brought to you by Wealth Strategies Advisory Group and VFO Advisory Group—our Virtual Family Office. Subscribe today to our YouTube Channel so that you’ll be alerted whenever a new video podcast episode is posted. You can also listen to the audio version of our podcast on all of the popular services including Spotify, Pandora, i-Heart Radio and Apple Podcasts available on iTunes, where you can leave us your rating and review. See you next time!
About the show
"Your Money Manual with Vince Annable" is a program developed to share information about concepts and strategies used by high net worth individuals to preserve, protect and grow their assets through all market cycles. Vince Annable--the host--is the creator of The Household Endowment Model® and CEO of Wealth Strategies Advisory Group. Give us about 15 minutes--we truly hope you learn something! After all, as we like to say, "When it comes to investing, your money doesn't come with instructions."