“John Doe is a millionaire.” This phrase implies much more than stating his net worth. Career success and financial independence are closely associated with being labeled as a millionaire. But in our ever-changing world, what does it mean to be a millionaire? Turns out, in 2018 it means a lot less than it used to.
Everyone loves seeing their investments in their brokerage account or retirement plan grow from month to month. However, many people don't understand the tax implications of successful investing. Without deliberate planning, tax consequences can substantially wither an otherwise healthy investment return.