Financial Income Tax Planning

As investment management professionals, we find that this aspect of financial planning isn’t always given the attention it deserves. When it is discussed, it’s most often done in a way that is confusing at best. Our way is different. While we don’t prepare tax returns, we’ll work alongside your accountant and clear the confusing clutter about how your investments affect your yearly income taxes.

It’s important to know how the different financial products like IRAs, Roth IRAs, and variable annuities are taxed as that can have a big impact on your overall financial picture – but we know how to explain it to you without all the jargon and acronyms. Simplicity and clarity are what set us apart. Here is how we’ll help:

  • Make sense of your options
    How should you invest your money from a tax perspective? We review your returns with you to help find opportunities for improvement. There are ways to reduce, modify, or shift your current or future income and estate tax liabilities. These changes can help you achieve your overall financial planning goals.
     
  • Post-retirement advice
    After you have retired, we continue to help you stay current with investment related tax deductions and exemptions. For example, life insurance can be used to offset tax liabilities; also, people over age 70 may benefit from a strategy to reduce income taxes resulting from required minimum distributions.
     
  • Keep more of what’s yours
    In short, investment tax planning helps you keep more of what’s yours and channel it into your financial strategy, thus improving your overall financial outlook.

Are you missing out on opportunities to advance more quickly toward your goals? Talk to a financial advisor today to learn more about our income tax planning support and we’ll help you figure that out.

Need help with other aspects of your financial situation? Learn more about our retirement planning and estate planning services.

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