need tax planning?
Plan Ahead
tax-focused strategies
Finding opportunities for reducing the amount of taxes you pay is key to your financial wellbeing. We can identify planning strategies to help minimize your taxes. Your advisor can help you with:
- Distribution planning in retirement
- Choosing investments that are tax-efficient
- Structuring your charitable gifting strategy to optimize deductions
- Guidance on other tax savings strategies related to education funding, retirement plans and health savings accounts
- Staying on top of regulations and tax laws that impact your financial plan
teaming with your CPA
the Team Hewins approach to tax planning
Here are some important areas where we can help with tax planning:
Investments
- Ensure that your investment strategy fits well with your overall financial plan
- Provide tax managed strategies–portfolios geared towards minimizing taxes (specifically non-retirement)
- Strategies to reduce concentrated positions with taxes in mind
- Our long-term investment strategy means that we avoid realizing short-term gains which would increase your tax burden
Charitable Gifts
- We’ll help you determine the most tax-efficient ways to donate
- Propose strategies to maximize deductions
- Advise on the respective benefits of donor advised funds (DAFs), gifting appreciated securities, and qualified charitable distributions (QCDs)
Education Planning
- Advise on strategies to save for your child’s education
- Determine how much to save and in what structure so you can avoid costly penalties
- Tax efficient savings plans for college and private school including 529 plan accounts that grow tax free if used for qualifying expenses
Retirement Planning
- We help you consider which type of retirement account makes the most sense for your situation
- Most tax efficient ways to save and withdraw funds
- Help maximize your annual contributions (and lower taxable income)
Estate Planning
- Recommend gifting strategies during your lifetime to help reduce your taxable estate
- Review beneficiaries to ensure your estate is tax-efficient
- Provide advice on the ever-changing lifetime estate and gift tax exemption
see the big picture with clarity
Our proprietary Smart Life Planning process provides you with a personalized, long-term view of your financial needs. We’ll help you clarify your goals and learn what level of risk you’re comfortable with. Once we get to know you, we’ll guide you toward a comprehensive investment plan that’s tailored precisely to you.
don’t wait
Tax planning isn’t just for tax time
Planning effective ways to manage your finances and minimize tax liability is always important. Why wait until your taxes are due? Start planning now.
Let’s begin with a conversation so we get to know each other. You get a free 15-minute introductory session with a Team Hewins financial advisor.