-- Stockbroker and wealth management expert Josh Dudick has issued a tax saving guide for high income earners.
Josh, who worked on Wall Street for 15 years and now runs a wealth management and investment firm, has revealed his frank and open guide to tax strategies that he says many financial advisors never tell their clients.
Josh, who shares his knowledge on his blog Top Dollar, said: “I think it is time to level the playing field and get some clever tax strategies that are used by the rich and famous out in the open for all high-income earners to benefit from.
“Many financial advisors will not share this advice with their clients as it doesn’t earn them any additional fees, or it may be beyond their expertise. But I have some great advice, all legal and above board, for high and mid-income earners that could really save them some money when they are submitting their tax returns.
“I have learned several legal strategies to optimize tax contributions that will help hard working people reduce the amount they have to pay. If these high income earners don’t implement these measures themselves, then they need to have some serious discussions with their tax advisor,” he added.
In his guide, Josh looks at the SECURE Act, above the line tax deductions, Health Savings Accounts (HSAs), company retirement contributions, deductible traditional IRA contributions, Backdoor Roth IRA Contributions, education plans, qualified charity distributions, charitable gift annuities, medical expenses and mortgage interest expenses, to name just a few approaches. He also looks at some ways in which to sensibly manage Capital Gains Tax.
He added: “There are lots of different tactics for mid to high income earners to reduce their tax outlay. My guide talks about them all in detail. They must make sure they are maximising their use of above the line and below the line tax deductions. Tax-advantaged accounts like HSAs, retirement plans and education plans are also excellent ways to maximise tax savings.”
Josh, who semi-retired at the age of 30 because he had reached financial independence, created his blog Top Dollar to help everyone have access to and understand smart money strategies, using the knowledge and techniques he has acquired throughout his career in finance.
Contact Info:
Name: Josh Dudick
Email: Send Email
Organization: Top Dollar
Website: https://topdollarinvestor.com/
Release ID: 89097536
Google
RSS