conway19145
Dryer sheet wannabe
- Joined
- Jul 4, 2018
- Messages
- 16
As other's have said, for tax issues you need a tax professional, not an FA.
I'm confused about 'my finances are complex'? If this is due to a business, that's separate from investments. I fail to see how a business would change what you invest in outside that business?
Yes, I agree. I guess my issue with my previous/current situation was/is, is that my FA and CPA wouldn't communicate. It drove me nuts. I just want a clear-cut strategy that will work. Instead, I was a constant middleman conveying info. No matter how many times I made this clear, nothing changed. I guess, for me, when I offer a business service to my clients, I take care of everything so they have little to worry about. I also charge a lot for my services but people who don't want to worry about things, don't mind paying. I'd like to find someone with this mentality, but they seem to be few and far between.
When I say complex, I own a few corporations. Sure, they're self sufficient but I do occasionally make investments with a focus on growth. I have various retirement plans (Some of which have had to be rolled over or moved - which is where a CPA comes into play). I also have many sources of income. In addition to that, I own a few million square feet of real estate which are all structured differently. My annual tax return is grossly complicated because of this.
For me, saving 1% management fees comes nowhere close to saving .5% at work. That is where I spend most of my time and energy.
My girlfriend constantly yells at me for working a lot. But the difference between her and I is, she shows up to work, collects a paycheck and comes home. I on the other hand, have to no only worry about my best interests at home, but I have to worry about 1,000 others and their families. I have to worry about turning as much of a profit so I can fully maximize my exit strategy.
Well, an anchor came with the engagement ring, so you are half-way there! <j/k>
Welcome to the forum, and a Happy 4th to you to!
-ERD50
Haha!!! This made me laugh out loud. Thank you!!
I will take a look at the book that Helen mentioned.
Thank you all!!