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 .

RESOURCES

Keeping you informed and prepared amid the coronavirus outbreak

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.

VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.