It Starts with a Mindset Shift.
Your journey toward tax freedom begins with a mindset shift. Are you making more money than ever but also paying more in taxes? Do you often wonder what you could or should do to reduce your current income tax bill? If so, you’re asking the wrong question. If you’re focused on reducing your annual tax bill, you’re stuck on an endless hamster wheel of current-year tax planning and tax-saving strategies. This is like looking down at your feet while trying to determine the best route to your destination. You might get there eventually, but it will take longer, and you might even be heading in the wrong direction.
Instead, you should ask, “What strategies and tactics should I implement now to reduce my lifetime tax liability?” This is like scanning your surroundings and looking out to the horizon to determine the best route. You can plot a course that minimizes your effort and the time it takes to get there. Reducing your annual tax liability is less important than reducing your lifetime tax liability. Your focus needs to be on minimizing the total tax you pay over your lifetime. This mindset shift is crucial in the quest to pay less tax and achieve tax freedom.
Tax Intelligent Industry Experts: Our Backstory.
My name is Gavin Parker, and I’m a Financial Advisor with over 20 years of experience at the intersection of income taxes and wealth management. As the son of a Certified Public Accountant, I joined the family business to integrate investment management and financial planning into what was previously a traditional tax and accounting firm. My team and I have been delivering tax-intelligent financial advice to our clients long before this approach became common in financial services. Our commitment to providing personalized, tax-intelligent financial solutions is the cornerstone of our process.
As the founder of Tax Freedom Builders, I’m passionate about helping people and constantly seeking to learn, grow, and improve. I bring the heart of a teacher to every client relationship, aiming to educate and inspire. I’m also a contrarian thinker, skeptical of conventional wisdom unless my research and experience validate it. I’ve developed and refined a unique approach to building tax freedom by reducing the lifetime tax liability of my clients. Through this journey, I’ve realized that conventional tax and financial advice often creates bigger tax problems rather than solving them. And the more successful the individual, the more detrimental this advice can be. Our proprietary process helps highly successful entrepreneurial clients minimize taxes and maximize wealth.
This journey has been incredibly rewarding as my team and I have helped hundreds of clients develop personalized plans to empower their financial futures. I want to teach you what I’ve learned and how you can take control of your financial destiny to build real and lasting wealth. Here are the core ideas that are key elements of building tax freedom:
It’s Time to Begin. Taxes Are on Sale Now.
There’s a huge tax sale happening right now! Tax rates are some of the lowest in history, but this sale won’t last. The writing is on the wall: out-of-control government spending and debt levels must result in higher taxes in the future. To help pay for this spending, taxes will inevitably rise. Even if congress does not proactively act to raise taxes, the lower tax rates that are part of the Tax Cuts and Jobs Act are set to expire at the end of 2025, resulting in higher taxes in 2026 and beyond. Therefore, it’s crucial to pay taxes now on all your income at a known rate—don’t defer it—and then shift as much of your net income as possible into tax-free investments to build tax freedom in retirement.
