Many people have the feeling of being robbed when it comes to paying taxes. There’s a tax for earning an income, and there’s one for making a gain. There’s a tax for buying, and there’s one for selling. It seems there’s a tax for living, and we know that there’s a tax for dying. It can feel like no matter which way you turn, there’s another tax!
While there is no way to completely avoid the taxman legally, there are provisions within the tax code that will allow you to substantially reduce the amount that you pay in taxes on an annual basis. For example, you have the ability to reduce your income tax each year while saving for retirement by using your employers’ retirement plan or an individual IRA. Also, if you qualify, you could reduce your tax bill each and every year by simply reallocating a portion of your investment portfolio.
Your Financial Solutions Group registered financial professionalcan help you review your entire financial situation and determine a course of action that will best suit you. Pick up the phone and take advantage of the one-hour, no-cost, consultation.
We can help you with a budget for retirement..