Tax planning is the proactive coordination of financial decisions with taxes in mind—not just at filing time, but throughout the year. We help clients evaluate strategies such as tax-efficient investing, retirement account planning, Roth conversions, and the timing of income or capital gains to help reduce lifetime tax exposure. When appropriate, we coordinate with your CPA to ensure these strategies align with your broader financial plan.
Tax Planning Services
- Coordination with your CPA or tax preparer
- Annual income tax planning
- Roth conversion strategy management
- Tax-deferred contribution recommendations
- Employee benefits analysis
- Income event planning
- Required minimum distribution (RMD) management
- Inherited account administration
- Lifetime tax planning
- Estate tax planning
Yes—if you’d like us to. We’re happy to coordinate with your CPA to help align tax-related planning decisions with your overall financial strategy. While your CPA handles tax preparation and filing, we focus on proactive planning and can collaborate as much or as little as you prefer.
A Roth conversion is when money is moved from a traditional retirement account, such as a Traditional IRA into a Roth IRA. The amount converted is generally taxable in the year of the conversion. Once in a Roth IRA, future qualified withdrawals may be tax-free, and the account is not subject to required minimum distributions during the owner’s lifetime.
A Qualified Charitable Distribution (QCD) allows individuals age 70½ or older to donate up to a specified annual limit directly from an IRA to a qualified charity. The amount donated can count toward required minimum distributions (RMDs) and is generally excluded from taxable income.