Tax Planning Strategies
Our expertise in navigating complex tax scenarios ensures a seamless integration of insights and opportunities in both the immediate and long-term. Working with your CPA, we design tax planning strategies specific to your unique circumstances that allow for smooth adaptation to changes in tax code and legislation.
Lowering Your Liability
As your portfolio grows into retirement, it’s important to consider your pre-tax and post-tax retirement incomes, and how future tax liabilities may impact your overall retirement strategy. If you’re working with Life By Design Investment Advisory Services, we will consider these factors when building your plan. LBDIAS can help minimize taxes owed- so don’t leave tax planning to the last minute!
1
Dividends
One of the most common ways to reduce taxes is dividends. We determine what laws and conventions apply to you, and can help structure your affairs to earn dividends instead of a salary.
2
Charitable Giving
Charitable donations are another common vehicle we use to reduce taxes. Tax-conscious investors will often donate their securities directly to an organization; a strategy that may offer many benefits.
3
Estate Planning
Estate planning is likely the most important aspect of tax planning at a professional level. Family trusts, foundations, and other corporate structures are strategies we often use to lower estate taxes, sometimes significantly.
4
Roths
Your IRA, 401k, SEP and 403b make up your future income and could be a tax bomb. We utilize Roths in a variety of ways to address the issues surrounding tax that retirees face.
Tax Planning Blogs
