Tax Planning

Tax Planning

The less you pay in taxes the more money you have available for lifestyle, family gifting, charitable gifting, and other financial goals.

Therefore, tax planning is a crucial component of financial advice. There are opportunities to reduce taxes over your lifetime through proactive strategies as well as tax-efficient portfolio management. However, the opportunities require diligence and expertise from your advisor.

Some common strategies often used:

  • Roth IRA conversions
  • Capital loss harvesting
  • Capital gain harvesting
  • Qualified Charitable Distributions (QCD) from IRA to satisfy RMDs
  • Tax efficient asset location
  • Annual exclusion gifting
  • Utilize pre-tax accounts to satisfy charitable intentions
  • Acceleration of taxable income in low tax years to fill up low tax brackets (lifetime bracket management)

I work closely with my clients’ accountants to ensure the tax strategies we implement are documented appropriately.

Tax Planning The less you pay in taxes the more money you have available for lifestyle, family gifting, charitable gifting, and other financial goals

Explore our Retirement Planning services.