We look at your income, investments, employee benefits (stock options, RSUs, etc.), account availability, and many other items specific to your situation. Starting to sound interesting? This requires year-round tax planning and starts with an in-depth understanding of your personal tax situation.
You can coordinate this with the timing of pension and social security income to ensure you are keeping as much of your own money as possible. You can utilize account conversions in low income years and you can strategically choose where, when, and how to draw money from your portfolio. You can invest in tax-free municipal bonds. You can maximize your savings my utilizing smart tax strategies such as Back-Door Roth IRAs and Super Roth IRAs. You can harvest losses in your individual and joint brokerage accounts. You can also use asset location strategies to make sure tax-inefficient investments are placed in the right type of accounts.
The biggest goal in tax planning if to minimize your tax liability which can be achieved through the following:ĭid you know you can save a lot in taxes by taking an objective look at your investment portfolio? Being careful about when and how to take capital gains is just the start. Tax Preparation and Tax Planning - How We Help You.Īre you paying to much in taxes? We can help lower your tax bill on your current tax return but more importantly help you plan for the future.
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