Tax Planning

senior citizens looking at paperwork holding a calculator

We specialize in tax planning for high-net-worth women, business owners, and philanthropic individuals.

Our wealth management team can help optimize the tax impact of your financial plan by coordinating with a qualified tax advisor/CPA for proactive planning. To develop your tax plan, we may:

  • Recommend options for positioning your investment/retirement savings for tax efficiency
  • Assess your current portfolios for capital gains distributions and potential year-end tax loss harvesting
  • Review your annual tax return and, in some cases, furnish investment-related tax preparation documents directly to your tax preparer
  • Assess life transitions like marriage, retirement, education, and windfalls in order to discuss proactive planning strategies
  • Stay apprised of tax reform that might affect your tax income liability and present opportunities for financial planning
  • Discuss philanthropic planning and the tax implication of various gifting strategies, charitable or otherwise
  • Provide guidance regarding types of income that may affect your social security taxation, as well as state income exclusions for retirement income
  • Understand how your current estate plan may be subject to taxation

Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.