Tax Planning

Taxes are a necessary part of life. Our goal is to minimize your taxes and maximize your wealth. We can provide strategies to ensure you don't pay any more taxes than you have to. Here are some of the ways we can assist you:

• Analyzing your current financial situation to determine whether you are taking advantage of tax deferred savings opportunities such as IRA's, Roth IRA's, and 401(k) plans. 
• Recommending tax-advantaged methods for college savings.
• Reviewing your tax returns and incorporating that information into your full financial picture.
• Making recommendations if you're facing an Alternative Minimum Tax (AMT) situation.
• Considering the tax implications of investment sales.
• Determining withdrawal strategies from your retirement accounts.
• Advising you on the tax implications of residing in different states compared to others. For instance, a Kansas retiree may receive pension income from KPERS, which isn't taxed in Kansas, but may want to retire in Arkansas, which would cause the pension income to be taxable in that state.
• Determining appropriate titling for your assets for estate tax purposes in order to equalize the estate between spouses and minimize estate tax.