There are multiple ways we help our clients reduce or manage their taxes. We utilize a tax-efficient strategy of positioning assets in accounts to minimize taxable income and maximize deductions and return on investment. We also work with our clients’ tax professionals or review our clients tax returns to ensure effective long-term tax planning strategies.
When it comes to retirement planning, we assist in retirement account funding such as contributing to a Roth Individual Retirement Account (IRA) or performing a backdoor Roth as well as evaluating and managing Roth conversions.
In the realm of portfolio management, our tax planning takes the form of tax-loss harvesting or intentionally realizing capital gains as well as managing highly appreciated stock for use in charitable giving.
In Roth Conversions, Reducing Your RMD is One of the Benefits
Required minimum distributions are taxed as taxable income, the same as other types of traditional IRA withdrawals and Roth conversions.
The Costly Effect Of Saving In A Taxable Account
The annual drag of taxable account taxation may seem like a small amount, but the effect over long periods of time such as 30 years is significant.
