Tax Planning

More than just filling out 1040 forms, proactive tax planning seeks to optimize after-tax results over multiple years, not just the one at hand.

Tax Planning includes:

Tax efficient portfolios. Portfolios are managed with the goal of optimizing after-tax results.  Placement of asset class types, tax loss harvesting, charitable giving, and estate plans are all taken into account when managing around a client's unique tax and estate situation.  Taxes are considered in all portfolio decisions.

Deferrals, Accelerations, and/or Conversions.  Taxes are guaranteed, but we do what we can to optimize after-tax results across multiple years.  Deferrals, accelerations, and/or conversions can all play an important role. 

Gifting Strategies. Gifting is important to some clients.  For those clients, strategies are developed while considering both income and estate taxes.  This might also include considering the recipient's situation as well.

Charitable Giving. Contributions of securities, qualified charitable donations, donor-advised funds, and bequests are just a few of the ways clients can efficiently meet their philanthropic goals.

Inter-Generational Taxes. Estate and income taxes should be considered as they can greatly reduce the amount ultimately available to heirs.  For states like Washington that have an estate tax, there are additional considerations.

Health Savings Accounts. Often overlooked, with a proper strategy HSAs can be a great way to improve after tax results.

Investing in College Saving Plans. The right college savings plan can help ensure that you save effectively and efficiently.  Be careful, though.  Not all state sponsored plans are created equal.

Income Related Monthly Adjustment Amounts (IRMAA). IRMAA isn't an income tax, per se, but an upward adjustment to Medicare premiums based on income.  IRMAA can be a really unpleasant surprise if not properly taken into account when developing strategy.

Tax Projections and Tax Return Review. Taxes should be projected over multiple years to seek opportunties.  Tax returns should be reviewed by the advisor before they're filed to look for potential errors.  This advisor finds lots of those.

"The avoidance of taxes is the only intellectual pursuit that still carries any reward."
William Shakespeare, The Merchant of Venice (1.1.41-45).

Complimentary Initial Meeting

Complimentary "Get Acquainted" meeting to describe our services and to see whether our services are right for you.