Affluent Individuals

Consulting with Affluent Individuals

The new Obama administration has announced that it plans to increase taxation on the wealthiest in the country.

Currently, the top 1% of income earners pays 37% of all income taxes collected at the federal level; the next 2-5% of top income earners pays 20%.

About 57% of the income taxes collected are paid by the top 5%.

In view of today’s socio-political realities and increasing regulatory complexities, affluent individuals need to pay close attention to establish a jurisdictionally diversified plan for accelerated wealth accumulation and protection that focuses on both investment gains and incorporates the benefits of prudent legal structures.

Judge Learned Hand in a famous quote said:

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”

For affluent individuals, smart innovative strategies that foster continued individual financial growth and sustainability regardless of economic downturns are necessary.

Your concerns are our business:

  • How do I preserve and grow my wealth in a private and sustainable way?
  • How do I protect my family and what we own from increasing litigation and forced transfer of wealth?
  • How do I minimize future tax burdens?
  • How do I ensure that my heirs benefit from what I have built?
  • How will recent legislation decrease my options?
  • Who will do my accounting if I choose to incorporate investment or other strategic changes?
  • How can I adopt changes in a private and confidential manner?
  • How do I avoid running afoul of federal rules and regulations?
  • How do I successfully exit my business in the most tax efficient manner permissible?

Despite increasing government taxation and legislation, there are available opportunities:

  • Deferred Income Opportunities are available to accumulate and preserve wealth internationally.
  • International Investing - international opportunities need to be vetted for protection of existing financial gains, diversification, privacy enhancement, wealth accumulation, protection and growth.
  • Domestic Real Estate in retirement plans - why it shouldn’t be included!
  • Divorce or anticipating the possibility of divorce could affect your business, your future, and your retirement? Avoid irreversible financial disaster with risk management strategies. Without adequate protection everything you have financially accomplished can disappear overnight.
  • Privacy concerns may influence how opportunities are structured. This is in light of the erosion of privacy by corporations and the government.

Bills book “It’s Your Money” uncovers the myths that the accounting professional is NOT all knowing as it relates to strategic thinking and international planning opportunities and has cost many of us more in the form of lost opportunities than we ever imagined.

Contrary to our assumptions, CPAs are perhaps least qualified due to jurisdictional and regulatory provisions; especially because of the effects of the Small Work and Business Opportunity Act of 2007 which holds them directly financially responsible for fines and penalties for under-reporting taxes.

There are new impediments to wealth accumulation preservation, and growth; a clause in the Troubled Asset Relief Program of October 2008 on financial institutions and significant changes to the Foreign Account reporting forms.

Bill Faiferlick, Financial Strategist provides an integrated package of wealth management strategies and tools for affluent investors in search of secure, confidential and legally compliant strategies which may include international investing.

To discuss how Bill Faiferlick can enhance your future prosperity through wealth creation, preservation and growth with comprehensive financial strategies to benefit you, please call Bill at 425-743-1291 or complete the Contact Bill form.


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