Has it ever occurred to you that retirement planning is similar to a football game? If not, consider the following scenario.
Deferred Sales Trust
End-of-Year Tax Planning Checklist
Tax season is quickly approaching, but it’s not too late to do some end-of-year planning that may well reduce the federal and state income tax you’ll have to pay come April. But you need to act quickly. Virtually all of the following tax reduction tips from Reef Point must be implemented by December 31.
Dave’s and Pete’s Excellent DST Adventures
Back in 1989, a movie entitled “Bill & Ted’s Excellent Adventure” became the hit comedy of the year. Unfortunately, its two main characters, while funny, gave no indication of being able to think. Instead, they relied on chance to solve their problems.
Selling Your Highly Appreciated Personal Residence: A Case Study
Are you feeling trapped in your personal residence that has substantially appreciated in value since you bought it years ago? Would you like to sell it, but fear facing a crushing capital gains tax liability?
Pros and Cons of the Deferred Sales Trust
If you own a highly appreciated asset that you wish to sell, one of your main concerns likely is the capital gains tax liability you will face. While several tax deferral strategies exist, the Deferred Sales Trust (DST) provides you with benefits that the others don’t. Still, it’s not for everyone.