Our role as Wealth Manager is to help you be successful with your tax planning. We prefer to work collaboratively with your accountant to implement pre- and post-tax portfolios to help ensure greater control in tax planning to maximize and protect your income.
Common tax-related tasks:
- Collect and review tax returns; collaborate with accountant as needed.
- Design a tax-efficient portfolio to reduce tax liability; create an efficient distribution plan when appropriate.
- Determine when to harvest gains and losses inside the portfolio.
- Structure your portfolio to maximize after-tax return.
- Determine which investments are best held in after-tax accounts versus 401K or IRA accounts.
- Navigate employer stock options and other employer compensation plans.
- Examine ways to lower taxes now and in future years.
- Stay current on tax law changes to determine how they impact you.
- Review the impact of healthcare reforms or Medicare on your taxes.
- Consider Roth conversion, or Backdoor Roth.
- Examine the possibility of the zero percent capital gain rate.