Tax Strategy

Taxes are ever changing and are also a crucial part of a financial plan. Having worked at a CPA firm and having spent many hours in tax meetings, we known the importance of designing our financial plans with tax implications in mind. A couple of things we consider are:

1. Knowing our clients tax brackets so we distribute their income tax efficiently. Streams of income to consider include, but are not limited to:
       a.  Dividends
       b.  Long Term or Short Term Capital gains
       c.  Income from tax deferred vehicles such as annuities and IRA’s
       d.  The use of tax free income assets such as municipal bonds
2. We also help our clients identify the appropriate retirement savings options, such as IRA's, SEP's, 401k's, pensions, etc., so our clients can maximize their retirement savings.
3. We discuss Health Savings Accounts for tax savings and if having a HSA is appropriate for future health cost planning.