Click here to learn more about our financial professionals by visiting FINRA's BrokerCheck.
960 W. Elliot Road
Tax Management Planning starts before you need it. It begins with ideas.
Ideas are generated when specific information peculiar to you and, perhaps, to a specific event or set of circumstances you are facing, are discussed. Notice the word "facing" infers a future event.
It's generally easier to grow and maintain wealth if you are not paying more in taxes than legally required.
Most individuals only think about taxes when they are filing their tax return. "After-the-fact" tax planning is often too late to take advantage of certain tax deductions, credits, and other tax planning strategies and ideas.
Tax planning is a year-round process (unlike tax return preparation.)
Lowering or avoiding taxes should not be the only driver of your financial decisions. Instead consider tax reduction efforts in light of your overall goals for investing, debt reduction, estate distribution, charitable giving and family life. Some tax savings ideas are relatively easy to implement while others are more complex.
The future sale or purchase of assets, or a business, may need structuring to save money.
Establishing a qualified retirement plan such as a individual 401(k), a profit sharing plan or even a defined benefit plan may make sense if you are a business owner. Such plans could save you money by deferring current year taxes to future years when you might be in a lower tax bracket.
Charitable giving is another area where there are some opportunities to escape capital gains and estate taxes on the sale of highly appreciated assets, get a tax deduction, and receive life-time income from the proceeds of the sale.
Estate tax planning requires planning today for events that could be days to years in the future. If you expect your estate value to grow significantly over the next few years, you should consider estate planning.
Retirement plan distributions and rollovers, IRA distributions or re-characterizations to Roth, stock options and employee purchase plans, annuities and life insurance, tax-free exchanges and more are financial transactions or products that have unique tax issues.
Tax management is most effective as part of an overall financial plan where all your financial objectives, resources and limitations are brought together. Tax management strategies should be compatible with your goals and desires. Our experience and knowledge adds perspective to this important process.
We are aware of the tax issues and understand them sufficiently to provide appropriate advice according to your circumstances and in concert with your tax advisor.
We will work with your existing tax and legal professionals to evaluate and implement tax management strategies as part of your overall financial plan. If you do not currently have a tax professional, we can refer you to tax professionals to assist you in the implementation of tax management plans.
You've worked hard for you money - we work hard to help you keep it.