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 Nyles, a Minnesota native who understands what it’s like to own a farm.
Nyles Gentz, President
Since 1980, Nyles has been helping individuals and families make better investment and insurance decisions that assist with the financial growth and preservation of their retirement savings.
As Founder of Gentz Financial Services, Nyles is committed to helping Minnesotans with their retirement income planning. He strives to build lifelong relationships with clients by asking questions and truly listening, so he can understand each unique situation.
Nyles is a popular and prominent public speaker. His informative seminars and insurance sales presentations have shown hundreds of area residents how to avoid unnecessary taxes on Social Security and IRAs/401(k)s, as well as how to preserve their retirement savings. Nyles also hosts a weekly retirement-focused radio show in the St. Cloud area on KNSI 99.3 FM, “Planning for Lifetime Income with Gentz Financial Services.”[AB1]
He is a member of The Better Business Bureau. Nyles has been involved in many organizations, including past Head Elder at St. John’s Lutheran Church in Buffalo, past President and board member of Let’s Go Fishing with Seniors Buffalo Chapter, and past board member of the Buffalo Hospital Foundation.
Nyles and his wife, Helane, are long-time residents of Buffalo and live on a hobby farm near Buffalo Lake. They have four children and eight grandchildren. In his free time, Nyles enjoys traveling, hunting, fishing, collecting John Deere memorabilia, and any other activity that allows him to spend more time with his family.
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.
Nyles Gentz 4170 Thielman Lane Suite 10, Saint Cloud, MN 56301
320.258.3688
Securities and investment advisory services offered through Woodbury Financial Services, Inc. (WFS), member FINRA/SIPC. WFS is separately owned and other entities and/or marketing names, products or services referenced here are independent of WFS. WFS does not provide tax or legal advice. The WFS financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: AZ, MN, TN, WI.