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Tax Reduction Strategies

Client Centered

Taxes, living expenses, inflation, death… that’s about as much as most people can predict about their future. Income taxes are an expense that for many families often goes unmanaged. It is typically the largest single expenditure they incur. In an effort to reduce and control taxes, we look to utilize a combination of strategies that include:

  • Deferral - Deferring the receipt of income until such time as you are in a lower bracket
  • Divert - Diverting income to individuals or entities with lower marginal tax brackets
  • Convert - Converting income that would be taxed at ordinary income rates into either a tax free or tax deferred status or capital gain income
  • Deduct - Deduct allowable expenses against earned income

In addition, we create a realistic perspective of the impact of taxes on your income and assets to meet your long-term needs and objectives. What if you could analyze a variety of “what-if” scenarios to prepare for all the contingencies the future might hold? At Bailey Wealth Advisors, we will design a sophisticated, innovative planning model that helps sustain the wealth you’ve accumulated for your long-term security.

With our proprietary Financial Condition Model, you can:

  • Assess the long-term impact of taxes, inflation and each of the financial strategies you’re now using or planning to use

  • Project your annual cash flow (income and expenses) alongside your asset growth over the full length of your life expectancy

  • Estimate the size of your net worth each year, including your savings, investments and your transferable estate

Our comprehensive approach can help you project and control your financial future, and it can help you decide whether the course you’re following today is prudent or even adequate for tomorrow.

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