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Look close at a structured sale if you are cashing out an appreciated asset (real estate, businesses, etc.) and want to preserve more of your wealth for retirement. By deferring capital gains taxes to a future date, you put more of your money to work earning interest now rather than paying it all to Uncle Sam at closing. Factor in other potential tax advantages, a guaranteed payment stream, and several other benefits, and a structured sale is smart financial planning.
By including “fallback” language in a 1031 Exchange, you enjoy the same tax and planning benefits of a structured sale if the exchange should fail. Without the fallback, 100 percent of the capital gains tax is due within 90 days. The 1031 business exchange is a tax management strategy based on selling one business and using the proceeds to purchase another similar business.
A structured sale, and the annuity that powers the agreement, must be handled by a certified consultant. In addition to the right qualifications, your Ringler consultant has the experience to help you and your advisers – sales agent, accountant, lawyer, etc. – understand all aspects of the transaction. We’ll show you several different earning and payment scenarios that fit your planning goals, while ensuring that all the paperwork is done properly.
Ready to take a closer look? Contact your Ringler consultant today, or find the Ringler consultant closest to you. You’ll sleep better knowing all your options… we guarantee.