Tax Planning

Taxes are a part of our everyday life and an essential piece of a solid retirement plan, as we want to create portfolios that are as tax efficient as possible. Considering taxes while building your financial and retirement plan can make a massive difference in the future value of a portfolio and have a significant impact on your future.

The key to successful tax planning is knowing the current laws and applying them to the existing financial and estate plan in place. Because regulations can change annually, it’s crucial to have an experienced partner to help you navigate the choppy waters of the IRS tax code.

There are three common elements to tax planning to minimize your tax burden:

  • Reduce adjusted gross income
  • Increase the number of tax deductions
  • Appropriate use of tax credits