Tax Planning

Tax planning is an integral part of any financial plan and often encompasses much more than simply a properly completed tax return.  These are just a few examples of how our clients have benefited from our tax planning:

  • Plan Design: A high net-worth client implemented an innovative qualified plan design and now enjoys a tax-deductible contribution well into six figures.
  • Year-end Tax Loss Selling: Several of our clients with sizable non-retirement accounts will sell securities to realize losses which are used to offset gains or carried forward to offset future gains.
  • Retirement Distribution Planning: We often plan for large IRA distributions, for the purchase of a retirement home for example, to be taken over the course of two calendar years, one in December and one in January of the following year.  We coordinate with our clients’ CPAs to determine how much can be distributed to stay within a certain tax bracket to minimize the impact of taxes.