Tax planning is an essential piece of a successful retirement plan. Minimizing your tax burden keeps more of your investment dollars working for you, while also ensuring you keep more of what you’ve worked hard to earn. While our financial advisors are not CPAs, they typically serve as the quarterback of your financial team, coordinating with your CPA to build strategies aimed at reducing taxable amounts.
With proper tax planning, we can greatly reduce the amount of money clients pay in taxes, which ultimately will reduce the amount of money clients may need to save for retirement. Typically this is accomplished with the use of tax-favored accounts like IRA’s and 401(k)s, and tax-favored investments like qualified dividends.
We strive to make our plans not only tax efficient, but also simplistic. We don’t want to overwhelm your CPA with a series of complex taxable events, so we strive to eliminate as much of the complexity as possible.
Our goal is to work with your CPA to craft a tax planning strategy that meets your needs and is inclusive of the entire financial picture. While death and taxes may be the only two certainties in life, we can work to improve the outlook for at least one of the them.
Our Tax Planning Includes:
- Working with your CPA directly in an effort to tailor a strategy that best fits your needs
- Minimizing your tax liabilities through the use of smart investment vehicles and tax advantaged securities like traditional and Roth IRAs, 401(k)s, and qualified dividends
- Eliminating tax surprises that could derail your plan
- Projecting how taxes could affect your income needs in retirement using state-of-the-art technology
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.