
2023 Year End Tax Tips
2023 Year End Tax Tips As we reach the end of 2023, there are many considerations that should be reviewed for you to take full
You may already be using accounts that are tax-deferred and tax-advantaged. This is a great step, but when we make investment recommendations, we go beyond tax-deferred and tax-advantaged. We manage our clients’ money differently for accounts that are qualified and non-qualified accounts, utilizing strategies such as tax-efficient mutual funds, municipal bonds, and tax-loss harvesting.
Another tax reduction strategy would be a 1035 exchange, which allows the transfer of the cash value of a life insurance policy or an annuity without incurring any taxes. There are various reasons why a person would want to transfer the accumulated funds of an insurance policy or annuity, but it is important to abide by certain restrictions
There are alternative investment strategies designed to reduce income taxes in the year of purchase, which we analyze and incorporate when it’s an appropriate fit for our client.
Our estate planning is focused on reducing estate taxes.
To learn more about what Insight Wealth Strategies can do for you or your colleagues in San Ramon, CA or Houston, TX, please call us at (800) 318-7848, email us at info@insight2wealth.com or fill out the request information form.
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