When It Comes to Your Tax Bill,
Advanced Planning Matters

Through proactive tax planning using advanced software, we develop tax-efficient strategies to help you keep more of the money and assets you’ve worked hard to accumulate.

What is the difference between Tax Planning and Tax Preparation?

While many taxpayers believe that tax preparers are responsible for minimizing their annual tax bill, the primary purpose of tax preparation services is to accurately complete and file necessary forms during tax season to comply with state and federal laws. While a good Tax Preparer can sometimes find ways to help you save on taxes, such as by identifying applicable tax credits and deductions, the process is often RE-ACTIVE rather than PRO-ACTIVE. Tax Planning is a year-round process that takes into account a client's past tax filings, current financial situation, and future financial goals. Successful Tax Planning requires ongoing communication and a PRO-ACTIVE; big-picture approach, as both the applicable tax laws and the client's situation may evolve over time. Effective Tax Planning not only considers immediate benefits but also plans for the long-term potential tax reduction over a client's lifetime.

Here are some of the questions Tax Planning may help you answer in your retirement planning:

  • Am I paying too much in lifetime taxes?
  • How can I reduce my tax liability over my lifetime?
  • Am I invested appropriately?
  • When I start withdrawals in retirement, where do I withdrawal from?
  • How do my assets pass onto my loved ones in a tax efficient manner?
  • What are some of the tax traps I may not even be aware of?

Tax Efficient Investing

Am I paying too much in lifetime taxes?

Am I invested appropriately?

ETF's vs Mutual Funds

Qualified dividends vs ordinary dividends

Taxable vs Tax Deferred vs Tax Free accounts

Tax Efficient Distributions

What's the most tax efficient way to withdraw funds in retirement?

Income Planning by Tax Bucket

Expense Planning

Guaranteed sources vs. Non-guaranteed sources

Micro Tax Strategies

How could I potentially reduce my current tax liability?

Capital Gain Harvesting

Capital Loss Harvesting

Strategies when selling highly appreciated assets

Asset Allocation

How can I reduce my lifetime tax liability?

Where should my investments be located?

Tax Bucket Planning

Tax Diversification

Capital gain and capital loss harvesting

Tax Gotcha's

What are the Tax Traps I could run into and may not even know about?

Social Security tax trap

Medicare IRMAA surcharges

Widows Penalty

N.I.I.T. (Net Investment Income Tax)

Estate Tax Efficiency

How do my assets pass onto my loved ones in a tax-efficient way?

Charitable Giving

Bucket Strategies

Life Insurance Trusts

QCD's and DAF's

Eleventh-Hour Planning


Are You Paying Too Much in Taxes in Retirement?

  • The different types of retirement accounts
  • Why tax laws are ever-changing
  • Options for tax deductions in retirement

Schedule Your Tax Map Consultation

Schedule a 15-minute introductory phone call with one of our Fiduciary Advisors to discuss your unique situation, and to answer any questions you may have regarding tax planning for your retirement.

Ready To Chart a Clear Course Toward Your Dreams?

Request your personalized Tax Map today!

Or give us a call at 410.208.1004