Tencap Wealth Coaching (801-337-5032), a fiduciary financial advising firm based in Utah, has expanded its tax planning and management services for high-net-worth individuals and retirees in Salt Lake City and the surrounding areas.
-- The updated services are geared towards helping high income earners and retirees minimize the amount of money lost to taxation. The tax code is over 6.5K pages! Inside of that tax complexity is a world of opportunity. Very few financial planning groups have the capacity or interest to help with tax efficiency. Small or medium business owners who require professional assistance with tax-efficient investments can also make use of these services and are encouraged to contact Tencap Wealth Coaching for a consultation. Business owners generally have the highest capacity to incorporate tax planning in their tax returns.
For more information, please visit https://www.tencap.com/services/tax-strategy-planning/
According to Tencap Wealth Coaching, Utah currently sports a robust housing market and job outlook in 2025. For high-income retirees, Utah is relatively tax-friendly because of its low 4.55% flat income tax rate, property tax exemption policies, and below-average cost-of-living index. However, Social Security benefits and income distributions from retirement accounts such as 401(k)s, IRAs, and pensions are not exempt from taxation, and varying sales tax rates may be challenging to understand. For these reasons, individuals interested in maximizing wealth retention are encouraged to seek assistance from a professional financial advisor.
With a nationwide team of tax strategists, Tencap Wealth Coaching can help clients maximize wealth retention by educating them on deductions, credits, and tax planning strategies that may legally reduce the amount of federal taxes they must pay. The process begins with an initial review of the client’s tax returns, where the firm’s team will identify and inform the client of any uncaptured opportunities. Once this is done, the financial advisor will create a pro forma to forecast the client’s returns after implementing the recommended changes.
Additionally, because tax regulations and financial needs are constantly evolving, Tencap Wealth Coaching will regularly review and adjust tax plans to increase savings where possible or prioritize other financial goals as desired by the client.
About Tencap Wealth Coaching
As a fiduciary financial advisor, Tencap Wealth Coaching is committed to providing financial planning services beyond traditional investing and tax preparation. The firm places emphasis on coaching its clients on various investment strategies and financial plans based on Nobel Prize-winning principles, empowering them to be proactive about their financial future.
Interested parties can learn more by visiting https://www.tencap.com/blog/utah-taxes-for-retirees-tax-friendly/
Contact Info:
Name: Lindsey Tencap
Email: Send Email
Organization: Tencap Wealth Coaching
Address: 1314 W 11400 S Suite 201, South Jordan, UT 84095, United States
Website: https://www.tencap.com/
Source: NewsNetwork
Release ID: 89155315
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