The purpose of estate tax planning is to maximize the assets you pass on to future generations by minimizing gift and estate taxes. Estate-tax strategies revolve around the use of irrevocable trusts. This article discusses the most common types of irrevocable trusts that are used to minimize gift and estate […]
A fixed amount is a fixed amount of money or percentage deducted from each payment, regardless of how much the employee makes. This fixed percentage helps to fund retirement savings plans, such as 401(k)s. Employees may also contribute a fixed rate of their income to other savings or investment accounts.
The fixed percentage is relevant for investment accounts or savings because it allows employees to save money regularly. In addition, each payment can automatically deduct this percentage, making it easy for employees to save money without worrying about making monthly or annual contributions.
Are you wondering how this percentage would affect your savings? Calculate your investment tax deductions with our calculator. Or read more definitions to get a better idea.
We’ve built a platform to give everyone access to the tax and wealth-building tools typically reserved for wealthy individuals with a team of accountants and lawyers. We make it simple and seamless for our customers to take advantage of these hard-to-access tax-advantaged structures. With Valur, you can build your wealth more efficiently at less than half the cost of competitors.
From picking the best strategy to taking care of all the setup and ongoing overhead, we make things simple. The results are real: We have helped create more than $3 billion in additional wealth for our customers. If you would like to learn more, please feel free to explore our Learning Center. You can also see your potential tax savings with our online calculators or schedule a time to chat with us!
