In a recent Retirement Roux podcast, John Blanchard shared his game-changing Deferred Tax Strategy for individuals looking to sell highly appreciated assets like small businesses or real estate. Taxes can often pose a significant hurdle in such transactions, but this innovative tax strategy offers a way to potentially defer all capital gains taxes, allowing sellers to keep more of their hard-earned money working for them. In this article, we’ll delve into the details of this strategy that can be a real game-changer when dealing with capital gains.
Understanding the Deferred Tax Strategy:
John explained that this tax strategy is designed to empower sellers by deferring the taxes on capital gains. This means individuals can retain what they would have otherwise paid to the IRS, allowing their money to continue growing. This strategy is particularly advantageous for small business owners who want to preserve and continue building their wealth. For many entrepreneurs, their exit strategy represents one of the most significant financial decisions of their lives. However, the fear of taxes eroding a substantial portion of their life’s work can deter them from exploring selling options. With this tax strategy, the proceeds from the sale can be strategically positioned to ensure that your money keeps working as hard for you as you worked for it.
Real Estate Considerations:
It’s essential to note that this tax strategy is not a 1031 exchange, but rather a 1031 alternative or a rescue option if a 1031 exchange is not proceeding as planned. Whether you intend to use this tax strategy for selling a business, a piece of real estate, or any other highly appreciated asset, the key advantage is that you are still using pre-tax dollars. This can be a game-changer, opening up various financial opportunities, including building retirement income, estate planning benefits, and preserving your family’s wealth. In fact, this tax deferral strategy has the potential to generate significantly more wealth over time than a direct sale subject to taxation.
Take Action Today:
John emphasized the importance of taking action and exploring this powerful tax strategy. Before you decide to sell your highly appreciated asset, consider requesting a complimentary Deferred Tax Strategy Analysis to discuss tax deferral on capital gains. Request yours below.
Taxes can be a substantial obstacle when selling highly appreciated assets, but with the right strategy, you can defer capital gains taxes and preserve more of your wealth. Don’t let the fear of taxes hold you back – explore this tax strategy and let your money continue working hard for you. Contact (Advisor) today for a complimentary consultation and take the first step towards securing your financial future.