3 Tax Tips for Wealthy Investors to Save Big

Available for Interviews: Don Garman

Don Garman is the Founder and Chief Investment Officer of Mirador Capital Partners and Co-Founder of Tri-Valley Ventures. A seasoned investor in both public and private companies for over 30 years, Don leads Mirador’s Investment Committee and oversees each of the firm’s proprietary investment strategies.

What Don Garman can say in an interview on
3 Tax Tips for Wealthy Investors:

As a wealthy investor, you can afford expert advice and likely have the essentials of a strong financial plan covered like maxing out your 401k, contributing to an IRA and saving for your children’s college with a 529 plan.

 Here are three great tax tips you may not be taking advantage of:

  1. Defer realizing income. Wait to realize a large capital gain or significant income event for a year when your other income may be lower. Example: consider the timing of selling a house for a gain or loss or timing the sale of concentrated stock position, when you have a large RSU grant vesting.
  2. Avoid triggering the Alternative Minimum Tax. Understanding the factors that can “put you into AMT” can help you plan to avoid it when possible. Triggers include: high income, realizing a large capital gain, and exercising Incentive Stock Options (ISOs).
  3. Employ tax loss harvesting. When possible, try to offset realized capital gains with losses to neutralize your tax bill. If you’ve realized losses without gains to offset, the unused portion can offset your taxable income up to $3K per year and be carried forward to future years.

Follow these tips and you can be proud knowing you’ve saved yourself a meaningful sum of money.


Interview: Don Garman

Don Garman has earned the prestigious designations of Certified Financial Planner® and Certified Investment Management Analyst®. Prior to founding Mirador, Don served his clients at two of the nation’s largest advisory firms. He is very active in the Tri-Valley area and supports many community organizations, including The First Tee of the Tri-Valley, The George Archer Foundation, and the Livermore Valley Wine Growers Foundation. He also serves as President of the Tri-Valley Cal (UC-Berkeley) Alumni Club. Don lives in Pleasanton with his wife Mindy and has two children, Emma (Georgetown University) and Scott (high school sophomore). He is an avid drummer, golfer, and snowboarder.

Jo Allison
Managing Editor
Director of Public Relations
Success In Media, Inc.

Leave a Reply