"Taxes are the price we pay for a civilized society."
This often repeated quote is carved into the entrance of the IRS's national headquarters building in Washington, D.C.
And it serves as a reminder that we all need to pay our fair share to maintain one of the highest standards of living in the world.
At the same time, however, growing your family's wealth from one generation to the next involves paying less in taxes, right?
So then, how do you balance these two seemingly competing ideas of paying your fair share and keeping more of your money?
Well, that's where being tax-efficient, especially when it comes to your investments, comes into play.
You see, while investing wisely is certainly crucial to building wealth, ensuring that you're not paying Uncle Sam any more than necessary is even more vital to this end.
That's because, when it comes to building wealth for the long term, the goal is to put as much money to work today while keeping more of what you earn down the road.
In fact, you can think of being tax-efficient with your investments, like planning for a long road trip.
In other words, just as you would carefully plan out your route to avoid costly tolls and commuter traffic, you also need to think strategically about taxes when it comes to your investment strategy.
It's that simple.
Indeed, by focusing on becoming a tax-efficient investor, you could grow your savings faster, keep more of your hard-earned money, and increase your ability to maintain a lifestyle that supports your family for decades to come.
Read this article at https://legacygenone.franklinmadisonadvisors.com/boost-your-wealth-become-a-tax-efficient-investor/
Learn more at https://linktr.ee/genonelegacy
Be sure to follow us on Twitter & Instagram: @genonelegacy
"Taxes are the price we pay for a civilized society."
This often repeated quote is carved into the entrance of the IRS's national headquarters building in Washington, D.C.
And it serves as a reminder that we all need to pay our fair share to maintain one of the highest standards of living in the world.
At the same time, however, growing your family's wealth from one generation to the next involves paying less in taxes, right?
So then, how do you balance these two seemingly competing ideas of paying your fair share and keeping more of your money?
Well, that's where being tax-efficient, especially when it comes to your investments, comes into play.
You see, while investing wisely is certainly crucial to building wealth, ensuring that you're not paying Uncle Sam any more than necessary is even more vital to this end.
That's because, when it comes to building wealth for the long term, the goal is to put as much money to work today while keeping more of what you earn down the road.
In fact, you can think of being tax-efficient with your investments, like planning for a long road trip.
In other words, just as you would carefully plan out your route to avoid costly tolls and commuter traffic, you also need to think strategically about taxes when it comes to your investment strategy.
It's that simple.
Indeed, by focusing on becoming a tax-efficient investor, you could grow your savings faster, keep more of your hard-earned money, and increase your ability to maintain a lifestyle that supports your family for decades to come.
Read this article at https://legacygenone.franklinmadisonadvisors.com/boost-your-wealth-become-a-tax-efficient-investor/
Learn more at https://linktr.ee/genonelegacy
Be sure to follow us on Twitter & Instagram: @genonelegacy