Most financial advisory firms include a disclaimer on their documentation stating that they are not tax professionals and that you should consult a tax advisor regarding any taxation issues on investments. We have combined tax planning with investment advisory services to make sure you have a retirement plan that maximizes your investments while minimizing the impact of taxes. We do this by providing you access to certain in-house advisors who hold a qualifying license, such as a CPA (please visit our About Us page to see which advisors hold a qualifying license). This is especially important when it comes to strategizing for retirement, because taxes can have a substantial effect on your retirement income.
Our advisors don’t just look for ways to reduce taxes at the end of the year; they also search for tax-minimizing strategies throughout the year. Taking advantage of these methods will help you avoid overpaying taxes during the year and keep you from having to pay more on your yearly return.
Tax planning is more than looking for deductions on a tax return. It includes taking out retirement income in a way that minimizes tax impact, taking out Social Security at the optimal time, protecting your assets and minimizing the impact of estate taxes.
Tax planning during your working years is generally less of a concern than planning while in retirement. The primary reason is due to the fact that you are contributing to your nest egg, so taxes are largely deferred. Taxes become more of a concern in retirement because you are now withdrawing those funds and withdrawals trigger taxation. In addition, many retirees lose valuable tax deductions and many are limited to taking the standard deduction; therefore, every extra dollar of income has a cost. The true cost of not incorporating tax planning into a retirement strategy can be devastating to retirement funds and dreams.
Our licensed tax advisors can assist you with minimizing taxes and saving you more for your golden years. Let our special combination of tax and investment advisory services go to work for you.
Call us today to set up your no-obligation meeting to see how we can help you save taxes.
We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.
Your investment advisor is not permitted to offer, and no statement contained herein shall constitute, tax or legal advice. You should consult a legal or tax professional on any such matters.