David Eisenhauer is the founder and chief wealth strategist at Greykasell Wealth Strategies.
Many investors expend too much effort trying to pay little to no taxes each year. While this may sound good in theory, it’s likely not the best strategic move in practice. By exclusively focusing on reducing current taxes, investors may be ignoring long-term opportunities.
For some, it’s the adage “stepping over a dollar to pick up a dime.” It may give you great personal satisfaction to avoid taxes at all costs, but paying little to nothing in the near term could cause headaches down the road.
Here are three strategies to potentially avoid larger tax liabilities in the future.
