by Sam | Apr 11, 2023 | Strategies
When it comes to saving for retirement, it’s never too early to start. One way that parents can help their adult children save for the future is by contributing to their Roth IRA accounts. Not only can this provide a valuable tax savings opportunity, but it can...
by Sam | Apr 11, 2023 | Strategies
When it comes to transferring wealth, taxes can quickly eat away at a significant portion of an estate. Fortunately, there are ways to minimize the amount of taxes owed, and one such way is through the use of trusts. Trusts can be an effective tool for tax-efficient...
by Sam | Apr 11, 2023 | Strategies
Family Limited Partnerships (FLPs) are a popular estate planning tool used by many families to transfer wealth down to future generations. FLPs offer several tax benefits that make them an attractive option for those looking to minimize their tax burden. One of the...
by Sam | Apr 11, 2023 | Strategies
Income shifting strategies with adult children can be an effective way to reduce tax liability and transfer wealth to the next generation. Income shifting involves moving income from a higher tax bracket to a lower tax bracket, often by transferring assets to family...
