A little knowledge of the tax code can save or enhance a family’s net worth by thousands, or even hundreds of thousands, of dollars over a lifetime. The best part is that tax savings are guaranteed, measurable enhancements that have nothing to do with the stock market, interest rates, or the economy.
There are a number of simple, legal techniques at our fingertips to help you keep more of what you’ve earned – you’ve just got to know where to look. First, we’ll look to avoid (not evade) taxes altogether by taking advantage of numerous opportunities and incentives the tax code has built in. Next, we’ll look at your individual situation for areas to reduce your tax bill. And finally, we’ll explore ways to delay your tax liability to take advantage of tax-deferred growth, and in a perfect world, pay tax at a lower future rate.