Should We Sell The Farm?
We get it. If you’re considering selling the farm, it’s one of the toughest decisions you’ll ever make. We’ll guide you through the planning process to help you make sure you’re not paying too much in taxes.
Should you sell the farm?
Running the farm is hard work. And after decades of taking care of your land, you might be thinking it’s time to retire without the worries of continued property ownership. Once you come to terms with the emotional implications of selling, you’re hit with another realization: how much you might pay in taxes.
You’ve worked hard all your life, and we want to help you put those dollars to work for you by utilizing a strategy that defers or potentially reduces capital gains taxes when selling your farm or land. More good news? Our strategy can help turn your property sale proceeds into payments that work best for your family.
Transitioning into full retirement sounds good, but doesn’t it sound even better when you can do it in a way that can potentially lessen your tax burden?
“In my experience, the farm basically becomes another member of the family, so I understand the emotions behind making the decision to sell it. That’s why I focus on helping you walk through the planning process—it’s how I grew up.”
Meet Kirt, an Iowa native who understands what it’s like to own a farm.
Kirt Carstens, CLU, ChFC
Investment Advisor Representative
Kirt Carstens, CLU®, ChFC®, began his career in insurance and financial services in 1991 in the Iowa Great Lakes region, encompassing the surrounding areas. Since that time, he has focused on providing comprehensive asset management, estate planning and life insurance solutions for business owners, retirees, pre-retirees and individuals.
Kirt’s dedication to his clients and professionalism have helped him build long-term relationships with them. His personal commitment to the community he lives in includes volunteering his time and services as a speaker and seminar presenter on how financial products can be used to help meet the wealth accumulation and estate conservation needs of area residents. He is also an active participant in area youth sports leagues as a coach and mentor. Kirt is a life-long resident of the Iowa Great Lakes region and has worked on various boards throughout the community assisting with policy making, fundraising and personal decisions. He graduated from Iowa State University with a degree in English. He and his wife, Jacque, along with their children Kole and Carly, call Arnolds Park home.
Contact us today to find out more.
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Licensed Insurance Professional. Respond and learn how life insurance and annuities can be used in various planning strategies for retirement. This material has been prepared for informational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend that you seek professional legal advice for applicability to your personal situation.
Kirt Carstens, CLU, ChFC 605 Hwy 71 S, Arnolds Park, IA 5133
712.332.5960