Tax Planning

Consider this fact: If you managed to shave off just $250 from your tax bill each year, through prudent Tax Planning, and invested it at a 5% rate of return annually, you could have a tidy sum of over $15,250 waiting for you by the time you retire in 30 years!

Delayed tax planning is tantamount to leaving potentially saveable dollars, of your hard-earned money, on the tax table for others to benefit from. The longer you defer tax planning, the more money you’ll end up owing and paying in taxes. That money could potentially have been saved, through a reduced tax bill, invested, and grown, through the magic of compounding, over many years.

What We Can Do for You

We help our clients through long-term tax planning strategies – and that’s exactly how we’ll help you. Tax planning does not commence on the date of filing your tax returns, but is in fact year-round. We utilize software that can help devise comprehensive tax planning strategies to minimize your liability, and optimize your tax-friendly investment returns.

Here are common questions that are asked that our tax planning can help:

• How much income should I draw in retirement?
   
• What happens if I sell off some of my investments?
   
• How do I plan for my vesting stock options?
   
• While the best advice you can get is to save as much as you can, the more concise and often missed piece of guidance is more complex: be intentional with how you invest those savings.
   
• Our Tax Planning advice will consider whether you should invest with pre-tax dollars or post-tax income. How you invest and what types of vehicles can significantly affect the taxes you pay. Our team can help you navigate through the considerations of every option.
   
• When planning for the tax impact on your income, we’ll also consider the types of income that you might receive: Dividends, Interest, Annuity payments, Capital Gains, inheritances, and Employer or Government benefits. While all of these are potential income streams in retirement and before, each has different tax planning implications.
   
• Our tax specialists will help you foresee impacts to your future net wealth. If left unplanned, your net wealth could be diminished due to likely claw-backs to benefits, and the possibility of erosion to your estate through substantial taxes.

We’ll help you mitigate possible tax impacts when it comes to your estate. A good tax plan will ensure that future generations do not bear the burden of taxes due to the legacy you leave them. But to ensure a tax-advantage inheritance to your beneficiaries, you need to put appropriate plans in place NOW – and that’s where our team can help.

See examples of deliverables below.