Tax Fears Plague the (Rather) Wealthy


BY THE NUMBERS

In a recent survey, moderately affluent individuals—worried they weren’t doing enough to protect their assets from taxes—said they’re exploring financial planning strategies once considered the exclusive province of the very wealthy.

 
How well they said their assets were tax-sheltered

In addition to tax-deferred savings plans, respondents said they viewed trusts and charitable gifts
as good ways to reduce taxes.
Note: This February 2001 survey polled 400 Americans who were at least 35 years of age and had investable assets of $250,000 or more.

Source: Lincoln Financial Group, Philadelphia, www.lfg.com .

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.