Integrated Tax Planning

Because of the large federal deficit, many tax analysts expect that taxes will have to go up in the future, which makes tax planning all the more important.   As part of the financial planning process, we will recommend strategies to reduce your tax burden now, as well as in the future.  This may include:

• A review of your previous tax return
• Evaluating current income and investment gains/losses
• Running tax projections for the current year
• Checking withholdings and making adjustments as needed
• Making tax payments using required distributions from qualified plans
• Recommending strategies to help maximize your deductions
• Shifting and/or timing income
• Projecting taxes in retirement
• Gifting for children or grandchildren
• Estate planning to minimize taxes
• Creating a life insurance trust for tax purposes

We will also work closely with your tax preparer and will review your tax return each year to make sure that the information is correct.  If you need tax preparation services, we can refer professionals who will come to our office to assist our clients.