Publisher's Synopsis
Today's business owners and professionals face increasing difficulties in building true wealth. Income taxes continue to rise, and there are many conflicting philosophies about the best way to grow your portfolio.
For the first time, S. Brooks Wicker Jr., CPA, shares the strategies that have built multigenerational wealth for hundreds of his clients.
Wicker's strategy revolves around three key elements. The first is the idea that your business is your greatest asset, so you must take steps to maximize the value of your business in order to grow your wealth. Second, he provides recommendations about building a personal wealth plan that goes beyond the standard financial plan to encompass more wealth-creation vehicles. Third, Wicker stresses the importance of coordinating the first two plans with a comprehensive tax plan that minimizes your tax burden to the fullest extent possible.
The gap between the super-rich and the rest of us is growing by the year. If you follow Wicker's novel approach to wealth planning, it's not only possible to secure your own future but also to leave a legacy for your children. And that, says Wicker, will bring us one step closer to resurrecting the American dream.
