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Reply to "How Many With $1Million+ Manage Own Money/File own Taxes"
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[quote=Anonymous]A $1 million, sure we were able to do it ourselves. Most of it was in 529s or 401ks at that point. At c. $5m we have an advisor because we need help balancing investments, and thinking about the tax implications of trades, etc.. It's helpful to have someone whose job it is to pay attention to this stuff. They also do annual retirement projections and have provided broader advice about overall financial matters. We also switched to a tax preparer about a decade ago. I was an owner in a business that was sold and that had some complications, and my current business requires me to file taxes in 3-4 states and it just got beyond what I wanted to spend the time to figure out. Our taxes can be 200 pages with various schedules and attachments (some of which are the state forms).[/quote]
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