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Tips to Manage your taxes - The Wealth DNA radio show is dedicated to helping you increase your wealth, as well as educating and informing savers & investors. Since we're approaching year end, most investors switch their focus to the Holidays, their goals for next year, and year end tactics that can change their tax bill for this year and next.
The majority of people, especially those with low and mid levels of Wealth DNA are frantically looking for last minute ways to reduce their tax bill for the current year. So we will help them out, and address a number of the tactics and maybe a "tax loophole" or two for you. Many of those same tactics can be applied throughout the coming years. I have noticed the more experienced investors, focus less on year end tactics, and more on reviewing their strategy. There are clearly three reasons for that. What are those 3 reasons? What components are in their financial and tax strategy? We clearly will address those topics and much more.
Throughout the show we'll use examples that apply to US taxpayers. For listeners living outside the US, who are not US citizens, I can assure you many of the same concepts apply to you. And you might even breathe a sigh of relief that planning and preparing your taxes is much easier than for US taxpayers. And, what is our legal obligation under the tax law? For the answers to these and many more questions grab a cup of coffee, or glass of wine and join in the conversation …