Tax Planning
Preserve What’s Yours by Minimizing Tax Exposure
Each year millions of people overpay in taxes without even knowing it, leading to lower retirement income and depressed annual pay. It’s integral that we pay close attention to your tax liability during every step of the financial planning process to minimize problems and maximize tax deductions.
To effectively manage your tax burden, we focus on optimizing your retirement accounts, such as IRAs and 401(k)s, in order to make the most of tax-deferred growth opportunities. Additionally, we consider the timing of income and deductions to strategically lower your taxable income each year. We also stay abreast of the latest tax laws and regulations to proactively adapt your financial plan to benefit from new tax incentives and avoid pitfalls.
Tax Diversification
By diversifying assets across differently taxed accounts, we aim to optimize your post-tax income, both before and during retirement.*
*Neither Raymond James Financial Services nor any Raymond James Financial Advisor renders advice on tax issues, these matters should be discussed with the appropriate professional.
Roth Conversion Strategies
Roth conversions can allow better for tax control and take advantage of the fact that all future growth remains tax-free.
*Earnings withdrawn prior to 59 1/2 would be subject to income taxes. Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Like Traditional IRAs, contribution limits apply to Roth IRAs. In addition, with a Roth IRA, your allowable contribution may be reduced or eliminated if your annual income exceeds certain limits. Contributions to a Roth IRA are never tax deductible, but if certain conditions are met, distributions will be completely income tax free. Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. Investors should consult a tax advisor before deciding to do a conversion. IRA tax deductibility and contribution eligibility may be restricted if your income exceeds certain limits, please consult with a financial professional for more information.
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(408) 333-9998
19200 Stevens Creek Blvd Suite # 240 Cupertino, CA 95014
info@atswealthcircle.com
