Why tax planning? Tax planning maximizes your income while reducing your tax liability so you can focus more of your money on achieving short and long-term goals. Anyone who pays taxes should consider tax planning. At Alloy Wealth, we offer clients tax strategies and tax bill management as part of a comprehensive financial approach. Our goal is to help you reduce the impact of taxes on your financial goals. 

 Some taxes can be deferred while others can be managed using tax-efficient investing. Timing when to take benefits and managing when to withdraw from retirement accounts is essential step in tax planning. For example, we may recommend you delay the sale of an asset that appreciated in value until the next tax year to delay the payment of capital gains tax. At the same time, we may suggest you invest in a tax-advantaged account like an IRA to help lower your taxable income. 

Many people think that once you retire you stop paying taxes. That is just wishful thinking. Strategic tax planning considers future taxable events as well as the past years’ taxes. The right strategy can help reduce the taxes you pay today as well as in retirement. Schedule a tax planning session at Alloy Wealth and we will educate you on tax planning strategies and principals that will keep you in the lowest tax bracket every year. 800-689-3935