Tax Planning for High Income
Proper tax planning for high income earners can enhance their lifestyle and that of their heirs in the years to come. That’s why it’s important for your wealth management plan to implement strategies that assess the impact of taxes to maximize their efficiency.
Taxes are inevitable but they can be managed through effective tax planning for high income earners. Similar to facing a toll bridge to cross a river; you may go ahead and pay the toll, you may look for ways to pre-pay or defray the cost, or you many look for a longer route to avoid the cost until another trip. In the same way, managing financial decisions to control taxes should be an important component of your wealth plan.
Through GC Asset Management and our affiliates you have access to deep tax expertise. We can discuss with you and your other legal and tax advisors considerations for efficient tax planning in coordination with your long term wealth management goals.
- Capital Gains
- Ordinary Income
- Portfolio Income
- Concentrated Stock Positions
- Foreign Investments
- Retirement Savings and Distributions
- Defined Benefit Plans
- Deferred Compensation
- Executive Stock Options
- Itemized deductions
- Alternative Minimum Tax
- Passive Activities
- Net Operating Losses
- Kiddie Tax
- Household Employment Tax
- Selling a Business
- Charitable Structures
Typical Tax Issues
Whether you’re goals are oriented on a specific financial objective, maintaining a comfortable retirement, or planning your estate for future generations, financial planning is complex. At GC Asset Management, we don’t just limit our advice to the investment accounts we manage.
Whether you’re preparing for retirement or already in it, you probably want confidence that your plan is positioned to sustain the retirement lifestyle you envisioned. For many people, leveraging the right resources can significantly improve their outlook for income, expenses and investing in retirement.
Our philosophy of active management is at the core of managing risk and reward. We pride ourselves on rules-based investment selection, multiple risk controls, and the ability to move to cash. The benefit for you is superior risk adjusted returns across an entire market cycle.
Higher Education Savings
Education can be a core investment in future success. Over the past decade while investments have fluctuated the cost of a college education has increased at a rate higher than inflation. Finding smart ways to fund this major investment can pose significant challenges.
Risk Management & Insurance
Many circumstances have the potential to cause greater damage to the security of your assets than investment risk. Planning for the potential of litigation, an untimely death, disability, long term care, or catastrophic business event should be a critical component of your wealth management.
Estate Plan & Charitable Giving
When considering your accumulated wealth, you want solutions to maximize a legacy for your family and the causes you are passionate about. Through a variety of advanced estate planning techniques, we can help minimize taxes on your estate and create a legacy for generations.
Business Wealth Solutions
Business owners and corporate executives often require comprehensive business wealth solutions. Tax-efficient conversions of concentrated stock, stock options or a majority business interest requires sophisticated strategies executed by experienced professionals.