Tax Planning Strategies

While often overlooked, robust tax planning is one of the most valuable pieces of a complete financial plan, and we are excited to offer it to you apart of our financial planning services.

Many tax professionals only focus on the past when it comes to tax planning, missing out on potential opportunities and challenges in the future.

It can be frustrating to work with a CPA who is only interested in plugging in numbers and filing returns, without considering how to maximize your financial situation or anticipate future tax challenges.

We take a proactive approach to tax planning. We analyze your current financial situation and project potential tax challenges and opportunities that many CPAs and tax professionals overlook. By considering strategies like partial Roth IRA conversions, Qualified Charitable Distributions, and Donor Advised Funds, we help you avoid common Social Security and Medicare stealth taxes like IRMAA. Our goal is to help you keep more of what's yours today while preparing for a financially secure future.

What is tax planning?

Tax planning refers to our review of your tax return to identify potential planning opportunities - both now and in the future - to keep your lifetime tax liability as low as possible. This is different than tax preparation (usually done by your CPA or an online service like TurboTax), which is focused on keeping you compliant with what the government thinks you owe each year.

Why is tax planning important?

Taxes touch every part of your financial life. Your tax return is a financial fingerprint: it's completely unique to you, complete with valuable clues and information, all of which is buried in dozens of pages and hundreds of numbers. Understanding your return equips us to have more valuable and actionable conversations with you. Additionally, we can demystify the world of income taxes and help you understand this important piece of your financial picture.

Who is tax planning for?

Everyone! Regardless of your income sources or filing status, nearly anyone who pays income taxes can benefit from having a professional review of your tax return to identify relevant planning opportunities.

At worst, we'll review your return and conclude you are currently maximizing every available tax saving opportunity. Alternatively - and more frequently - we'll identify a handful of tax saving opportunities, both in the current year and in future years.

What kind of opportunities might be identified?

We will evaluate a number of opportunities during tax planning, including topics like most tax efficient retirement vehicles, charitable giving strategies, realizing capital gains, Roth IRA conversions, tax
credit eligibility, and more.  We can run projections to see how potential changes (e.g., filing status, dependents, the sale of a business, stock option exercises, etc.) may impact your upcoming tax liability.

What do we need from you?

An electronic PDF copy of your most recent tax return. That’s it. Get us a copy of that most recent tax return during our data collection meeting, and we will take it from there.

See a Sample Tax Report Analysis Sample Tax Report of Steve and Rhonda

See a Sample Tax Scenario Analysis Report :John and Sally Smith Tax Scenario Analysis Sample Report

This service is included in a Premier Planning package and available as an additional add on service the Retirement and Comprehensive Financial Planning Packages.

Learn more about our planning services here: Financial Planning Services

Specific individualized tax advice not provided. We suggest that you discuss your specific tax issues with a qualified tax advisor.


Schedule a Meeting Today to Begin Tax Planning