Alpha wealth-Management for high net worth individuals and family offices

MKG Tax Consultants Advisory provides Alpha wealth-management for high net worth individuals and family offices. While asset management focuses on investments, wealth management takes a much broader view. Wealth management is about looking at an individual or family’s overall financial situation and taking steps to maximize their wealth and protect it down the line.

Our advisory professionals can take a number of strategies and encompass a number of services. Services offered by our wealth manager’s may include:

Tax planning

Education planning

Legacy planning

Estate planning

Insurance

Charitable giving

Retirement planning

While asset management is focused on growing an investor’s money, wealth management looks more holistically at a client’s overall financial situation and takes steps to ensure their wealth will be protected over the long run.

Wealth managers are also often paid through a percentage of assets under management, though some are paid a flat or hourly fee.

There are now seven different ordinary income tax brackets – 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%, and three different capital gains tax brackets – 0%, 15%, and 20%. Furthermore, if you combine these tax brackets with the new 3.8% NIIT, there are even more possible tax brackets; i.e., high income taxpayers will be subject to a 43.4% tax rate on ordinary investment income and a 23.8% tax rate on long-term capital gains. Lastly, when taking into account the phase-out of personal exemptions (PEP) and limitations on itemized deductions (Pease) as income rises above the applicable threshold amounts, the tax rates increase even further.

75 Best Income Strategies In 2021 To Generate Alpha Tax Strategies

Roth IRA conversions to “fill-up brackets”

Roth IRA conversions by asset class

Roth IRA conversions when basis exists

Roth 401(k) bracket analysis

Roth IRA fees paid from “outside” broker accounts

Asset location with Roth IRAs and Traditional IRAs

Taking IRA and Roth IRA distributions in December rather than January

Consider an immediate annuity to defer taxable income while recovering basis

Avoid margin status for stocks with qualified dividends because the dividends will be taxed as ordinary income

Avoid acquiring stocks immediately prior to the payment of dividends

Making IRA and Roth IRA contributions in January rather than December

IRA Distributions to “fill-up brackets”

Carefully planning for pre-age 59½ distributions

Consider tax deferred annuities to “leap-frog” over high income years

Consider life insurance to replace a portion of the bond portfolio

Consider tax-exempt, double exempt, and private activity bonds

Consider utilizing only “qualified dividend stocks” to obtain low tax yield

Consider a higher asset allocation to low risk / low volatile high dividend yield stocks to obtain “qualified dividends rather than interest”

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Tax Advance Loans, Auto Title Loans, Business Loans $500 to $10,000

Link to MKG Tax Consulting App on Apple Store Link to MKG Tax Consulting App on Google Play

MKG Enterprises Corp is a diversified financial technology company with a mission driven purpose to strengthen our community by closing the wealth gap created by systemic disparities in the financial industry.

MKG Enterprises Corp is a diversified financial technology company with a mission driven purpose to strengthen our community by closing the wealth gap created by systemic disparities in the financial industry.

Call Us @ 559-412-7248

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Saturday-Sunday 10am-5pm

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