It’s Not What You Earn, It’s What You Keep
Financial-planning decisions are usually made in silos, with a focus on building wealth. Planning in a way that preserves that wealth is often overlooked. Find out how Donaldson Capital Management can help you keep what you’ve earned. Ron Patberg, CFP® Senior Investment Advisor at Donaldson Capital Management, discusses the importance of planning for taxes, stating that preparing taxes is not the same as planning for them. Financial decisions such as business sales, stock compensation, retirement elections, charitable gifts, investment changes, and estate planning all affect taxes and are often decided separately. Patberg suggests that planning all at once is the only way to know if these decisions are working together or against each other. He also notes that when selling a business, planning for tax savings should begin many years before the sale, not just a few months before it. Concentrated stock is a common issue, as it involves risk and tax implications that become more difficult to manage.
Pubblicato : 3 giorni fa di in Business Finance
You’ve spent years building wealth. Have you spent any time deciding how to keep it?
As a business leader, you can watch your investments closely and question every decision that touches profits. But... [4025 symbols]
