Issue 32.10
In my 53 years on this Earth,experience has taught me one thing. Sometimes we have to take a step backwards and learn all over again. The world changes daily and if we want to progress with the times we have to learn new things and build upon old things.
For instance,I could never understand why my parents’ generation loved card games so much. My generation fell in love with board games. My kids’ generation loves video games.
For dates,my parents would go to community dances when they were teenagers. I used to take my dates to a drive-in movie or the local bowling alley. My kids don’t date. Instead they rent movies and go to someone’s house to watch it.
When my parents’ generation wanted to “hang out” they would join their friends at a malt shop in town. My generation hung out at parties or didn’t hang out at all,we dragged Main Street in our cars. To find my kids when they’re hanging out,I just have to search the local mall.
My point is this – times change. A generation ago,tax rates were high and expected to go lower so financial advisors were inclined to tell you to defer paying your taxes until later. Now,taxes are lower than they’ve been in quite some time. It’s time to relearn our tax instincts. Instead of deferring your taxes,maybe,for some of you,it’s time to learn how to pay them in advance to save yourself thousands of dollars in taxes. If your financial advisor is still telling you that deferring taxes is the only way,maybe it’s time you got a second opinion.
Eric Scott can be reached at (435)773-9444 or you can visit Eric’s office at 352 E. Riverside Dr. Ste. #B-4 in Saint George,Utah. Investment Advisory Services are provided by Brookstone Capital Management,LLC,an SEC registered Investment Advisor. Insurance services offered by Eric Scott Insurance Agency,Inc.
