We aim to help identify your "opportunity corridor". This is a time where you may be able to convert IRA's into tax-free Roth IRA's at lower tax rates, when appropriate. Roth conversions can potentially also lower your Required Minimum Distributions. These RMD's may cause your social security income to be taxed and may increase your Medicare Part B premiums also.
If converting a Traditional IRA to a Roth IRA, you will owe ordinary income taxes on any previously deducted Traditional IRA contributions and on all earnings. We suggest that you discuss tax issues with a qualified tax advisor. How you consume money matters. Studies have shown that sophisticated tax bracket management may add up to 6 years of income in retirement when compared to an unsophisticated approach.
If converting a Traditional IRA to a Roth IRA, you will owe ordinary income taxes on any previously deducted Traditional IRA contributions and on all earnings. We suggest that you discuss tax issues with a qualified tax advisor. How you consume money matters. Studies have shown that sophisticated tax bracket management may add up to 6 years of income in retirement when compared to an unsophisticated approach.
Services
We've combined our commitment to service, high ethical standards and tax expertise of our CPA firm with the creative strategies of our financial services personnel to form a dynamic collaboration that we believe is highly beneficial to our clients. There are seven core competencies in the practice of financial planning and advisory services.
We help clients chart a plan to get them from where they are to where they wish to be in the future. While developing a customized financial program, we will walk you through a step-by-step process that will help you feel confident in your decisions. Once your goals have been established, we will customize appropriate strategies to suit your vision and objectives.
As you consider this list, consider the impact that taxation has on each. Income taxation and your individual tax situation are critical in each of these core competencies. This is the reason we are adamant that any financial advisor must fully understand your particular tax situation in order to provide a comprehensive plan involving these core competencies.
We've combined our commitment to service, high ethical standards and tax expertise of our CPA firm with the creative strategies of our financial services personnel to form a dynamic collaboration that is highly beneficial to our clients. This collaboration allows us to strategically incorporate tax considerations when making investment decisions.
Another tremendous advantage of having your income tax returns prepared by our CPA firm affiliate is the automatic timing of our meetings. One of the most frequent complaints we hear from new clients is that their former advisor ignored them and did not meet with them regularly. As your tax preparer, our affiliated CPA firm meets with clients every spring to prepare your returns and then again late in the year for year-end tax planning.
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