I’m passionate about finding new ways to bring massive value to my clients and email list. Improving my tax planning practice is a critical strategic development for 2023.
In some cases, tax planning can save clients with higher tax-deferred balances (401ks, IRAs, etc.) more than $100,000 in projected tax liability.
I’m happy to announce that I’ve recently added new cutting-edge tax report software. This technology allows me to analyze your tax return in a powerful new way.
It’s one of the top tax planning tools currently available, and very few advisors have access. Many advisors don’t incorporate tax planning into their service offering. If you have an advisor, have they ever asked for a copy of your tax return?
I’ve been testing this cutting-edge software with a sample of clients in 2022 and this year. I’ll now be using it ongoing with most of my clients, depending on your situation.
How does it benefit you?
I’m offering a free tax analysis to any individual and family who would like to sit down for a free consultation.
If you’re interested in a free tax analysis, click the link to schedule a 15-minute quick Zoom consult on my calendar. We’ll discuss what you’re trying to accomplish and how I can help.
The free tax analysis can help in five distinct ways.
- Discover key tax numbers – A review of Adjusted Gross Income, Taxable Income, marginal and effective tax, and total tax paid. We can then do planning around these numbers.
- Analyze current tax brackets – How much room is left in your current income and capital gains tax bracket? This uncovers opportunities for current-year tax strategies, such as Roth IRA conversions or distributions.
- Proactive RMD planning – We can estimate future tax brackets once RMDs at 73 begin. This allows us to project future tax liability and make tax planning decisions today rather than procrastinate.
- Uncover hidden tax “gotchas” – Identifying behind-the-scenes surprise taxes such as the Social Security torpedo, NIIT, and IRMAA Medicare surcharges can be vital.
- Identify tax planning opportunities – Being proactive with charitable giving strategies, current-year distribution windows, and tax gain-loss harvesting opportunities are a few examples.
This analysis is most beneficial if you have more than $500,000 in investment assets ($250,000 is the minimum).
Click the link to schedule a 15-minute quick Zoom consult on my calendar.
Please let me know if you have any questions.
–Carl Woolston, ChFC