Mitch reached out to me about two years ago. He and his wife had set up a business about ten years earlier - computer consulting services. Mitch indicated that he thought he was missing out on business tax deductions and paying too much income tax. As we started speaking and as I started working with him, I realized it wasn't missing out on tax deductions that was the most important part of this.

The most important part was that they weren't saving enough for themselves and saving enough for retirement. There's two different aspects to building the "buckets" of retirement and personal savings/investments - one path was to help them increase their business profits to push more money into their “bucket” and the other aspect was to set up the retirement plan and be consistent with pushing money into savings / investments. The extra money largely went to build retirement and personal savings.

What was really important was building his net wealth - he looked at saving taxes as a critical part of that -but the other parts are much bigger and more important to achieving this goal.