Above all else, when implementing a Capital Gains Tax Saving Strategy, there are three things you need to find out.
How much do I get to keep when all is said and done?
Is my investment protected from loss, or is it an acceptable risk for me?
Is the strategy legal and IRS compliant?
This may seem simple, but the answers are not always obvious. You have to be able to sift through any sales hype and know what is guaranteed and what is simply projected.
The capital gains tax planning industry is dynamic. That means as tax law changes, strategies change. It is inevitable. If your criteria for choice is that a strategy has been around for many years, your choices will be quite limited and perhaps not even a good fit.
Just because a company is fairly new, this reason alone is not cause to dismiss what is being offered. Instead, inquire about the experience of the providers, the structure of the plan, the adherence to law, the protection you receive, and be sure you understand the process and what is involved.
In many cases, fees alone negate any potential extra return. Once you are in a strategy it is probably too late or too costly to switch course.
The next few articles will provide some basic insight on what different strategies entail.
Keep in mind, I don’t believe any strategy is necessarily “Bad”. As long as you understand the ins and outs and it meets your personal goals and risk tolerance, it may be the one for you.
Paula Straub
www.savegainstax.com
savegainstax@gmail.com
760-917-0858
Fill out a Qualification Questionnaire and see if you qualify to save capital gains tax. Go to http://www.savegainstax.com/qq.html
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