The cost of income tax is a crucial part of overall wealth management and our team at Smith Anglin works diligently to mitigate or reduce your tax burden for both retirement and investment income. We have a dedicated team of CPAs that work alongside our wealth advisors to make sure you are not only meeting […]
Months into the budget battle – we used to say “budget process” – America is still waiting for answers about how the impacts of government spending will affect their daily lives. The less partisan – we used to say “bi-partisan” – $1.2 trillion hard infrastructure plan has now been signed into law. But then there’s […]
Many of us are, as of this writing, furiously rushing to finish up our tax filings and swearing on all we hold sacred that next year we’re going to get an earlier start. If that describes you, then just dialing down your anxiety level would be reward enough. But if you start early enough – […]
It may be true that nothing is certain except death and taxes, but at least one of those predicaments can be mitigated. Smart tax planning may reduce investment taxes as much as 40%, a savings that could open the door to financial independence. Unfortunately, that crucial aspect of total wealth management is often overlooked, especially […]
You’ve no doubt heard inspiring stories about people who ran huge companies and amassed great wealth during their working years but are remembered today for how much of it they gave away. From Andrew Carnegie to Bill Gates, it has been a common theme. Maybe you’re not in a position to have a concert hall […]
Lawmakers in Washington, particularly those aligned with the Republican Party, like to talk about tax cuts. Which is why you might be hearing more birds and crickets chirping than usual around Capitol Hill. Because, with all this federal debt piling up, it’ll be a long time before another bill like the Tax Cuts and Jobs […]
We’re going to discuss, rationally and without political vitriol, the shortcomings and virtues of the wealth tax proposed by presidential candidate Sen. Elizabeth Warren (D-Mass.). This critical evaluation will be rooted in what Warren’s campaign website calls the “Ultra-Millionaire Tax.” Our assessment is not favorable, but unlike many who denigrate the plan, we actually read […]
Despite all the hype about the benefits of tax reform at the federal level, wage earners across America have learned to take the Tax Cuts and Jobs Act of 2017 with a grain of SALT. In this case, SALT is an acronym for “state and local taxes.” Until January 1, 2018, these were deductible, to […]
You’re probably among the 60 percent of U.S. homeowners whose property is overvalued for tax purposes, at least according to one study. According to another, you’re also probably one of the 98% who hasn’t done anything to address this injustice with proper property tax planning. But there’s plenty you can and should do to trim […]
If you’re like most of us, you haven’t thought too deeply about your retirement savings for some number of years. You might have made a selection on your W-4 form the day you were on-boarded and haven’t given it a whole lot of attention since. You get your periodic statement from your retirement plan, and, as […]
