Retirement Planning
With increased Inflation, life expectancies, taxes, geo-political risk, and especially health and long term care costs (an estimated 50% of the U.S. population will need Long Term Care at some point which is NOT covered by Medicare) you must remain vigilant that you old/current Financial and Investment Plan is properly up to date, rebalanced, and hedged for these increased risks. Don’t leave your Financial Freedom, life outcomes, and legacy to chance that the stock and real estate markets will always go up, especially in light of these increased costs and risks.
Our Tax Planning Solutions
We specialize in long-term, proactive tax strategies, designed specifically for high-net-worth individuals, business owners, retirees, and families. Our approach isn’t limited to filing season—it starts long before any taxable events occur, sometimes even before key investment decisions are made. Here’s how we can help:
- Tax Minimization Strategies and Exit Strategies for your Highly Appreciated Investments, Real Estate, or even your Business!—We have expertise in often little-known strategies that can help you drastically reduce your taxes for you and your heirs. This can also be an excellent way to achieve your Financial Freedom, reduce your risk, take back your time, and reduce the stress and headache that often accompany vacation homes, rental homes, a concentrated investment portfolio, and a business.
- Investment Tax Strategies: Whether you're investing with pre-tax dollars or post-tax income, the way you allocate and position your portfolio can significantly impact your tax liabilities. We’ll guide you through various options, helping you choose strategies that optimize performance with tax efficiency.
- Income Structuring: Different types of income—such as dividends, capital gains, annuities, inheritances, and employer benefits—carry distinct tax implications. We’ll help you plan for each income source in a way that minimizes your overall tax burden, both before and during retirement.
- Social Security and Medicare Taxation: As you approach retirement, proper planning can help reduce the taxes on your Social Security benefits, which can become taxable based on your income level. Additionally, for high-income individuals, the Medicare IRMAA (Income-Related Monthly Adjustment Amount) can increase your Medicare premiums. Our strategies can help mitigate these potential costs by managing your income levels and withdrawals in a tax-efficient way.
- Required Minimum Distributions (RMDs): Once you reach age 73, you're required to start taking distributions from traditional IRAs and other tax-deferred accounts. If not properly planned, large RMDs can push you into higher tax brackets, impacting other benefits like Social Security. We’ll help you strategically manage your withdrawals to minimize tax consequences.
- Estate Tax Mitigation: A well-structured estate plan is essential to protect your wealth from excessive taxation. We’ll work with you to minimize the tax impact on your estate, ensuring that future generations can benefit from your legacy without facing undue tax consequences.
Securing Your Financial Future and Legacy
Leaving a legacy means planning for the future today. Our team will help you create strategies that reduce the burden of taxes on your heirs and maximizing the wealth you pass down to future generations. We can also help you positively impact and build a legacy with your favorite Charity, cause, or non-profit. Think of the positive impact “your plan” could have on your favorite cause, charity, Church, and even funding research into Medical, environmental, or Faith based solutions to the world’s most pressing issues. We have the tools and know how to help you maximize your positive impact….
Let us help you navigate the complexities of tax planning, so you can focus on what matters most: enjoying the wealth you’ve worked so hard to build and securing your financial future for generations to come.
