Income Tax Planning

Proactive tax planning considers the tax implications of individual, investment or business decisions, usually with the goal of minimizing tax liability.


Income Tax Planning

Although financial planning and wealth management decisions are rarely made solely on their tax impact, you should have a working knowledge of the income tax or estate tax issues and costs involved.

A major goal of proactive tax planning is minimizing federal income tax liability. This can be achieved by:

  • Reducing taxable income through income deferral or shifting
  • Deduction planning
  • Investment tax planning
  • Year-end planning strategies

Life event planning focuses on the impact of significant events in your life. Some events , like retirement, marriage and divorce, come with tax considerations which may affect the stages of your overall investment plan.

If you give away wealth during your life or at death, you may incur federal taxes—and possibly additional state taxes. You can help protect the assets you transfer from excessive depletion by understanding the various strategies used to minimize them.


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