throwaway for personal details
I'm interviewing financial planners, and getting a lot of evasive answers on how to optimize my situation. How do I approach financial planners or accountants about my apparently unique approach?
Background:
I have a full time office job in NYC. I take home about $300k/yr.
In the past, I did consulting work, and have an S-corporation registered in DE. It has no operational income right now.
I trade a lot - and I had short term losses about $30k last year. I keep my portfolio in the $250k range.
I have one investment property, and trying to build equity to buy more. My credit is fine.
I am a bit on the younger side, 40-ish, so retirement accounts are locked up, but not the majority of my net worth anyway.
Objective:
My objective is to aggresively build wealth for my family while remaining as liquid as possible. I consider myself semi-retired: working in a job I like, because I want to build wealth, instead of escaping to a low-CoL area. Also, kids.
I've read about how to structure a trading business and/or real estate investments through a corporation that manages the assets, in a tax and operationally advantageous way. I'm not super concerned about SEP or Roth, but obviously would be interested, so long as the cash remains accessible pre-retirement, so I can take on new projects.
Whenever I bring up this how-to-boost-wealth scenario, the CFPs/CPAs just say it's not always optimal, there are a lot of considerations, etc. Am I just not wealthy enough to start? Misunderstanding or misrepresenting something?
Does anyone here have any recommendations, or ways to find out more?
Submitted March 10, 2019 at 12:52PM by throwaway525601 https://ift.tt/2HciH1A
