N.D., a surgeon, and his wife who is also a doctor, sought a more effective approach to managing their significant tax burden.
As high-income W2 employees with a combined gross income of $1.2 million annually, they felt they were overpaying in taxes and were looking for legitimate strategies to reduce this.
Frustrated with conventional advice, such as his CPA suggesting they max out their withholdings to zero, N.D. began researching more sophisticated alternative tax strategies. He found Terra Firma and was drawn in by their focus on helping doctors like him achieve significant tax savings.
N.D. wanted to understand how to leverage the tax code the way the wealthy do, using the money he would have paid in taxes to invest in assets and grow long-term wealth, rather than simply surrendering a large portion of his income year after year.
Initially skeptical, N.D. wondered whether the claims were “too good to be true,” or if any of the strategies were illegal. Ultimately, he was won over, moving first into Discovery and then into full membership, later saying that the first strategies Terra Firma implemented at year-end were “executed flawlessly.” In addition, he greatly appreciated the strategy sessions with Bob Wolf, as well as finally having a trusted advisor to help him evaluate various investment opportunities. For the first time, N.D. felt like he had a true financial partner—one who understood both the complexity of his income and the importance of building sustainable wealth.
N.D.’s first-year tax savings was $154,000 with just one strategy, with year two and beyond surpassing $300k as a result of further planning and investing.
