COVID-19 Update: Beaird Harris has shifted a significant number of our team members to work remotely.
We continue to serve and care for our clients, just as we always have, and are available by phone, video or email.
Beaird Harris will be closed Wednesday, November 23rd (at noon) through Friday, November 25th in observance of the Thanksgiving holiday.
We’ll reopen on Monday, November 28th at 8:30am.
Beaird Harris will be closed Friday, December 2nd for our annual Christmas celebration. We will reopen on Monday, December 5th at 8:30am.
Beaird Harris will be closed Monday, January 2nd in observance of the New Year.
Steven M. Lugar, CFP®, is the Managing Director of Beaird Harris Wealth Management, an independent wealth management firm in Dallas. Lugar has more than 25 years’ experience, and for the past several years has been named one of the top wealth managers in the U.S. by Wealth Manager magazine. He spoke to WSJ Financial Adviser about a commonly repeated myth about tax deferral – and why he thinks advisers should offer clients some contrarian advice.
Over the years I’ve frequently heard clients repeat bad advice they’ve been told by other advisers. One of the classic investment myths centers on tax deferral. While tax deferral can be an incredibly powerful force in the effort to build net worth, making investment decisions just to defer taxes can actually result in a worse result for a client over a lifetime.
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