Today we talk about the extremely exciting topic of taxes... We know, there are better things to do. But, this is a very important part of real financial planning. It can help someone save thousands and even millions over time!
1) How much did you actually pay in taxes last year?
2) How can we make adjustments to lower that amount?
3) How can take advantage of the tax bracket that you are in?
4) How much should you contribute to your investments accounts? Which account makes the most sense?
We will get into this and more, but it all starts with getting our clients tax returns. Once we have that, we can normally add a tremendous amount of value with some small adjustments. Part 2 of this video will get more into tax brackets, investment accounts and even some information about Medicare! Who knew that financial advisors did this?!
Content here is for illustrative and educational purposes only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy. Results will vary. Past performance is no indication of future results or success. Market conditions change continuously.
This commentary reflects the personal opinions, viewpoints and analyses of Six Point Financial Partners. It does not necessarily represent those of RFG Advisory, Private Client Services, their clients, or their employees. This commentary should not be regarded as a description of advisory services provided by Six Point Financial Partners or RFG Advisory, or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice.
Securities offered by Registered Representatives of Private Client Services. Member FINRA / SIPC. Advisory services offered by Investment Advisory Representatives of RFG Advisory, a registered investment advisor. Private Client Services, Six Point Financial Partners, and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.