Tax Planning and Advice

As a CPA, Carl is well positioned to offer advice on tax planning strategies designed to minimize the amount of income taxes you pay over the long term. We can work with your accountant or tax preparer to implement some strategies, while others can be accomplished by you or with our help. There is an income tax element to almost all financial planning areas - investments, retirement, insurance, college savings, estate planning - so it is imperative that your advisor understands the complexities of the tax rules and how they apply to your situation.

Some of the tax planning strategies used include:

  • Use of tax-exempt and tax-deferred investments where applicable
  • Investment location - which accounts should hold which investments
  • Selection of tax-efficient investment vehicles for taxable accounts
  • Tax advantaged college savings strategies
  • Retirement account contribution and withdrawal strategies
  • Multi-year tax projections to analyze long-term tax impact of planning decisions
  • Timing of income and deductions
  • Consideration of new tax legislation