Secret Advanced Tax Strategies

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Secret Advanced Tax Strategies

Farmers in rural areas normally have not heard of tax strategies such as the family 401(k), defined benefit plan, Multi-Generational IRA, or the Roth IRA Conversion. These secret advanced tax strategies can save substantial taxes and provide lifetime income for the kids and/or grandkids. A future article will talk about how to guarantee a lifetime income to the farmers and avoid capital gains tax.

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