Investments & Financial Planning
Hough & Company knows how significant investments are in businesses, especially in the Venice, FL, area. We can help you make intelligent choices with your assets for your business, and we can also help plan for your financial success. Not only that, but we can help you plan financially so you’ll be set up for your retirement too.
Understand the Impact of Taxes and Investing
While taxes should not drive your investment strategy, understanding how taxes affect your earnings will help you minimize taxes and maximize your return. Consider these items:
- Capital gains carry a favored tax status. Consider putting more dollars in investments that return capital gains.
- You can take an annual deduction of up to $3,000 of capital losses over capital gains. Consider balancing your winners and losers to maximize this deduction each year.
- Investments that produce high taxable annual income can be given to family members in lower tax brackets, thereby saving taxes for the overall family group.
- Depending on your tax bracket, you may benefit from investing in municipal bonds. The level of these investments may need to be adjusted as your total income picture changes.
Benefits of Financial Planning
Financial planning is one of the most crucial things you can do in your life. Everyone has something they want to do with their finances, and there are many benefits to having a financial plan that Hough & Co can help. Some of these benefits include:
- Achieving financial goals
- Improving your understanding of your finances
- Preparing for potential emergencies
- Financial security
- Improving your quality of life
- Getting an early retirement
Take the critical step of contacting Hough & Co for your financial planning needs. The sooner, the better – finances impact your life considerably, and getting them taken care of and organized as quickly as possible is essential.
