Tax Planning

Smart (Tax) Planning

When you look at your assets, you see account balances and asset prices. When we look at your assets, we see what portion is an IOU to the IRS, and our focus is to help you keep more of your hard-earned wealth on your side of the ledger. Tax deductions have a sneaky way of showing up as more taxable income in the future and people love it when they don’t have to pay any income taxes in a given year, but for most successful people, this just means that they’ll have to pay more income taxes in the future. Rather than avoidance, we want to help you understand how the tax game is played and how you can strategically manage your tax situation to reduce the amount of your lifetime income taxes. Because we understand your current financial situation along with your long-term goals, priorities, and financial projections, we can help you implement strategies designed for your personal situation.

ROTH Conversion Strategy

01

Based on a preliminary review of the information you have shared with us, you are currently near the top of the 22% tax bracket. When you retire, it appears you are likely to regularly be in the 12% tax bracket. When RMDs kick in, you project to reach and possibly pass through the 24% bracket.

02

A multi-year ROTH conversion strategy reduces your lifetime projected income taxes and therefore improves your financial projections. Additional benefits would be realized if either spouse passed away more than a year before the other.

Asset Location Strategy

03

An asset location strategy assesses your different account types and options and optimizes your portfolio to deliver the highest returns in the most advantage tax scenarios.

Measuring Real Value

Additional potential range of financial growth by year 2054: up to $1.53million. *Based on a preliminary review of information provided and using present value, including IRD.

Disclosure

This example is for illustrative purposes only and is based on hypothetical assumptions and limited information. The projections shown are not representative of actual client results and do not guarantee future investment performance or outcomes. Actual results may vary materially based on market conditions, tax laws, inflation, investment performance, and individual circumstances.