Tax Planning | Lincoln, NE
Tax Planning questions we get asked…
1. Should I convert my IRA to Roth?
2. How do my investment choices affect the taxes I pay?
3. Am I overpaying in taxes?
4. How would a tax rate increase affect me?
Planning Ahead: Taking the Long-Term View
When considering tax planning, many focus on immediate strategies for the current year. However, we take a longer-term approach.
We look ahead to anticipate future changes in tax rates, assess your projected income over time, plan charitable contributions, and strategize the timing of investments. These considerations span the next 10-20 years of tax planning and inform our approach to designing a tax-efficient strategy for you.
Your Finances Have Four Destinations:
Your money can be allocated to four destinations:
You
Your family
Church/Charities
The government
Mapping out these priorities in advance is the initial step towards effective tax planning, so you don’t “tip” Uncle Sam.
Optimizing Your Tax Payments: Paying Just What's Necessary
Taxes represent a significant lifetime expense.
Regrettably, many individuals fail to capitalize on the numerous government incentives available, resulting in unnecessary overpayments.
The upside is, your income and investment strategies can synergize with your tax planning to reduce future tax burdens.
Our approach to tax planning initiates this optimization.
Get your complimentary planning session here.
No preparation is needed; we'll simply ask insightful questions.
Maximizing Your Cash Flow
The focus isn't just on earning; it's on retaining what you earn.
One effective method to enhance cash flow is by minimizing tax liabilities each year.
Tax-efficient investments offer a strategic approach to achieve this goal.
Tax Planning and Withdrawal Strategies
One of the most significant factors influencing your lifetime tax burden is the withdrawal strategy you choose to follow.
During our tax planning sessions, we'll review the different strategies available and discuss how each one impacts the taxes you'll owe.
