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Our Philosophy for Tax-Advantaged Retirement Income Planning

Tax costs are the single largest expense impacting your family’s wealth growth. We assist you in managing your income and investment strategies in ways that help reduce the current and future tax impacts on the growth of your family’s income and wealth. Minimizing tax liability on your annual retirement income can be an important aspect to maximizing longevity for your family’s wealth. However, tax reduction solutions, can be confusing. Tax deductions and tax credits are often overlooked when filing taxes each year, and miscalculations or misinterpretations of tax guidelines can end up costing taxpayers more than their fair share. This can negatively impact your wealth growth and especially your future annual income in your later retirement years.

Tax planning is the analysis of your finances from a tax perspective, with the purpose of trying to ensure a maximum income and a minimum tax cost. Considerations of tax planning include timing of income, size and timing of purchases/sales, and planning for expenditures. Tax planning strategies include investing for short, mid, and long term goals utilizing tax deferred, or even better, tax advantaged investment strategies as opposed to taxable investment strategies.

Although it’s not exhaustive, the following list of common and uncommon tax planning strategies can help some taxpayers minimize their current and long-term tax obligations. Not all strategies apply to all taxpayers, some strategies require a minimum net worth/income to participate, and some strategies may entail more risk than some taxpayers wish to incur.

  1. Maximize all Available Deductions (Request our list to review with your tax preparer)
  2. Retirement Planning. For Pre-Retirees; Self-Directed Retirement Plans, Traditional 401(k) and Roth 401(k), and some Non-Qualified Plans. For Post-Retirees; Social Security Tax Planning, Retirement Plan Distributions Planning, Required Minimum Distribution Planning
  3. Niche Strategies; Passive Real Estate Losses, Opportunity Zone Credit, Oil and Gas Deductions
  4. Advanced Strategies; For Pre-Retirees; Deferred Compensation. For Pre and Post Retirees; Tax Loss Harvesting (Investments), Real Estate with Potential Tax Advantages, Family Office Management Co., Charitable LLCs, Freeze Transactions With GRATs And IDGTs
  5. Exits & Capital Gains; Installment Sales, Deferred Gains – DST,
  6. Gift & Estate Planning; Charitable Remainder Trusts, Family Trusts
  7. Asset Protection; Family Limited Liability Company (“FLLC”), Exempt Asset Planning With ERISA Plans, Exempt Asset Planning With Private Placement Life Insurance (“PPLI”), Exempt Asset Planning With Private Placement Variable Annuities (“PPVA”), Offshore Asset Protection Trust (“OAPT”)

We’d be pleased to consult with your tax and accounting professionals regarding any of the previously listed tax strategies. Contact us for your complimentary consultation to make the most of your tax reduction strategies.

We cannot give tax advice and we’re not Certified Public Accountants’. Before implementing any of these strategies you should seek counsel from your CPA. You may also need counsel from an attorney for plan and document preparation, and a financial advisor for asset management solutions.

Information provided is for general educational and informational purposes only and should not be considered a recommendation or investment advice. A recommendation can only be made after the evaluation of an individual's investment profile.

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