Planning matters

Required Minimum Distribution Video

One of the more common questions we get from new clients is why they need to provide a copy of their tax return. To our eye, your tax return is a guide and overview of income, investments, assets, and expenses. By reviewing your tax return, we gain insight that helps us strategize efficient ways to help you pursue your goals. Both tax planning and estate planning are critical elements to your overall financial situation!

Our sister company, Integrated Tax Services, can handle any of your tax preparation needs. As your planner, we gain the ability to closely monitor the implementation of tax strategies developed during the planning process. In addition, we can coordinate retirement plan contributions and distributions to better manage tax brackets from one year to the next.

There are several new tax planning opportunities in light of the Coronavirus Aid, Relief and Economic Security (CARES) Act. Leslie Currie, CPA and I recently put together a video for our clients at Integrated Tax Services talking about some of these unique planning opportunities, specifically around Required Minimum Distributions.

This material is intended to provide general financial education and is not written or intended as tax or legal advice and may not be relied upon for purposes of avoiding any Federal tax penalties.  Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. This material is for informational purposes only and is not an offer to sell or a solicitation to buy any securities.