A key that unlocks the door to wealth is an effective plan. Your plan must be as unique as your own particular circumstance. It must be consistent with your financial goals, time frame and risk profile without jeopardizing your current lifestyle. Determine how you want to allocate your assets: CDs, money market, annuities, retirement funds, life insurance, cash values, etc.
You need to look at the whole picture, create a plan that works for you and commit yourself to carrying out that plan. Tax planning is NOT tax avoidance or tax evasion. Tax planning is simply making the most of your revenue while lessening your tax obligation. An effective income tax reduction plan takes advantage of what is legally available to you and is appropriate for your needs, goals and risk tolerance.
You need to look at the whole picture, create a plan that works for you and commit yourself to carrying out that plan. Tax planning is NOT tax avoidance or tax evasion. Tax planning is simply making the most of your revenue while lessening your tax obligation. An effective income tax reduction plan takes advantage of what is legally available to you and is appropriate for your needs, goals and risk tolerance.
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