Tax Planning Strategies
It’s not about what you earn, it’s about what you keep.
Without proper prior planning, you could be leaving thousands of dollars on the table, both now and when you withdraw from your portfolio in retirement. Our education on tax planning strategies aim to reduce your tax bill today and in the future. We do this through:
Immediate
Software that analyzes your tax returns
Reviewing your 1099 and other tax statements
Tax-loss harvesting
Intermediate
Asset location
Incorporating tax-managed investment funds
Roth conversions
Coordinating into which accounts ongoing savings contributions are made
Extended
Tax-aware withdrawal strategies
Pension and deferred compensation advice
Social Security timing
Charitable giving strategies
Holistiplan Software
Using a software called Holistiplan, which leverages artificial intelligence to analyze your tax return, the tool can help identify tax savings through:
Taxable income source summary
State tax considerations
Tax-bracket analysis
Tax-loss harvesting analysis
Missed credits and deductions
Roth conversion opportunities
Business-deduction opportunities
Capital loss carry-forward summary
Required Minimum Distributions (RMD) analysis
Qualified charitable contributions
Screenshots from a sample Holistiplan are below:
