Do you hire personal tax consultants to help build a tax strategy? My firm does the taxes for me but I am thinking if there is more I can do to minimize my tax bill, for portion that is under my control.

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Unless you want/have a second “job” via real estate or your spouse running a business, there’s not going to be much that you’re missing. Remember all the travel you already do tax free - that’s most of the benefit available, and you’re already taking advantage.

helpful

There’s not much advantage unless you have a very complex portfolio with substantial assets that need to be held in tax-advantaged structures. Since you’re at a Big 4, you’ve either been there long enough where you haven’t been able to have those or they likely made you sell a decent amount on the way in…

helpful

I think it depends on how far out into the exotics you are willing to move

I have found solar and oil and gas to help - but for those you need an accountant who is familiar with those strategies

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Yes. It was the best thing we did. It allowed us to diversify our w2 income and reduce our tax burden while building a sustainable long term plan for the non working years.

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Pay your taxes. Your country needs you.

I am following our president

funnyhelpful

Search this bowl, I posted a similar question a few months back… how to reduce tax burden of two, high earning W2 people (as spouse and I both work). Short answer was pay your taxes!

And it’s even harder when one is a K1, really not much you can do

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