Wealth Management Issue

Income Tax Planning

Possible Objectives or Goals for this Topic

Income Tax Planning

  • Planning for the Retirement Tax Torpedo
  • Stacking deductions in a year to allow itemization.
  • Factoring in taxes in the three core areas: income tax, capital gains, and transfer tax.
  • Adjusting payroll withholding to reduce a refund or reduce a balance due.
  • Factoring in CRT’s and other charitable strategies to reduce income tax payments.
  • Analyzing Executive Compensation plans and their impact on ones tax situation.
  • Structuring the portfolio to reduce taxes by analyzing a variety of investment features including turnover ratio, inclusion of municipal bonds, dividend and interest yield and more. Also it is important as to where those investment are held; tax free, taxable or tax deferred accounts.

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