Tax Planning
Developing tax-efficient strategies to protect and grow your wealth
Whether you are planning for your own retirement, a loved one’s education, or the best way to transfer your wealth to the next generation, any sound, forward-looking plan to maximize your wealth needs to take taxes into account. Everything we do for our clients is viewed first through a tax efficient lens.
That means not just looking at the current tax year, it means looking for tax efficient ways to give to charitable causes that are meaningful to you, to save for and fund education, to pass your wealth to the next generation, and fund your retirement paycheck. Our careful attention to details and years of experience developing tax-efficient strategies will all go to work for you.
Tax Planning Services
- Annual income tax planning
- Coordination with your tax preparer or CPA
- Roth conversion strategy management
- Annual tax projection review
- Medicare premiums management
- Employee benefits analysis
- Tax deferred contribution recommendations
- Annual tax return review
- Lifetime income tax planning – Consider tax rates over your entire life to find opportunities to reduce your lifetime taxes and maximize resources for your family.
- Income event tax planning – Whether selling a business or receiving a stock reward, planning for income events ahead of time can reduce the tax burden.
- Estate tax planning – Help you find strategic ways to limit the tax consequences of passing on significant wealth to your family.
- Required minimum distribution management
- Inherited IRA administration
Related News & Insights
Smarter Tax Planning: Coordinating Tax Strategies to Secure Your Financial Future
Every tax decision you make today has long-term consequences. For high-net-worth retirees, strategic tax planning is more than just determining how much you owe each year – it’s about leveraging the right strategies to create a more secure and enjoyable financial future. By carefully considering when and how to pay taxes, you can minimize liabilities and maximize financial opportunities.
What is Regulation Best Interest and How Does It Impact you?
If you’re not a financial practitioner, you may have missed the news that the Security and Exchange Commission’s (SEC) Regulation Best Interest (Regulation BI) rule took effect on June 30 of this year. The rule doesn’t require anything of investors and is aimed at financial advisors offering investment advice and recommendations, but what is Regulation BI, how does it impact you and can it offer you a fiduciary level of care?
Charitable Giving Under New Tax Laws: Understanding the Donor-Advised Fund (DAF)
No matter how the 2017 Tax Cuts and Jobs Act (TCJA) may alter your tax planning, we’d like to believe one thing will remain the same: With or without a tax write-off, many Americans will still want to give generously to the charities of their choice. After all, financial incentives aren’t usually your main motivation for giving. We give to support the causes we cherish. We give because we’re grateful for the good fortune we’ve enjoyed. We give because it elevates us too. Good giving feels great – for donor and recipient alike.
Working in partnership with Grand Wealth Management enables our clients to be less concerned about the day-to-day details of managing their finances, while allowing them to stay involved in guiding and monitoring their overall financial picture.
