Tax Planning

Understanding tax strategies and managing the retirement tax bill should be part of what any great financial advisor can help provide their clients. Some taxes can be deferred, Roth conversions may help some clients, and other taxes can be mitigated through tax-efficient investing and/or tax-loss harvesting.

Tax planning is an important component for the overall retirement plan. Careful planning throughout the year can assist clients in reducing the taxes they pay annually, as well as help them achieve their long-term financial goals.

We can help by providing your clients expert tax planning and preparation, utilizing ideas and strategies specifically designed for retirees. Most people do not know that in the retirement years every dollar saved by minimizing income taxes will increase their spending capacity in retirement more than additional growth on their money.

Tax planning should not be done in isolation, but instead should be driven by a client’s overall financial goals and integrated with their total financial and retirement plan. We can help you develop and implement appropriate strategies to lessen or shift current and future tax liabilities to help your clients meet their long- and short-term objectives.