It's Tax Time!

It’s Tax Time!

I know, I know, I harp on taxes.

That is because taxes will likely be the biggest drain on your portfolio – by a country mile.  

Welcome to The Coffeehouse Investor, and welcome to tax season.

Over the next five weeks leading up to tax time, we will explore tax-smart financial planning. We will delve into strategies and techniques designed to optimize your financial well-being while navigating the complex landscape of taxation.

In this series, we will cover five key components of tax-smart money management:

Asset Location: I will share with you tactics for placing investments across taxable, tax-deferred, and tax-free accounts, and how these strategies can boost overall return.

Tax-Loss Harvesting: In this edition, we will discover the art of turning investment losses into valuable tax-saving opportunities.

Tax Bracket Management: This rarely used strategy of portfolio management and financial planning can provide opportunities to minimize your tax liability over the years. 

Roth Conversions: In week 4, we will uncover the benefits of converting traditional retirement accounts to Roth accounts, potentially reducing future tax obligations and providing greater flexibility in retirement planning.

Tax-Efficient Securities: Hang with me as we delve into the world of tax-efficient investments, including strategies for selecting securities that minimize taxable income and maximize after-tax returns.

Each installment of our series will provide actionable insights and practical tips to help you harness the power of tax-smart financial planning – stay tuned!      

Keep Taxes Top of Mind

Minimizing taxes and maximizing returns should be at the forefront of your financial planning. If you have $1 million or more of investible assets and are in or close to retirement, schedule a complimentary strategy call to review your tax strategy.