Tax Planning

As founding father Ben Franklin said, “Nothing is certain except death and taxes.”

While we would never want to argue with Mr. Franklin, we think it’s probable, if not certain, that you can lower your tax liability.

Tax planning is a critical element of a comprehensive financial plan.

Unlike tax preparation and tax returns completed by an accountant which are backward-looking, our tax planning services include a thorough and ongoing review of your returns with a focus on minimizing or deferring tax liabilities looking forward. We do not prepare tax returns, but we do prepare you to make the best possible decisions with your hard earned money.

Taxes may be inevitable, but they shouldn’t slow or stop you from reaching your goals. We can help you identify opportunities to:

• Maximize deductible expenses and tax credits
  
• Invest tax-efficiently
  
• Optimize IRA distributions and contributions
  
• Analyze current year and future year Roth conversions
  
• Outline Social Security taxation implications
  
• Identify Medicare premium breakpoints

Once you become a SWM client and depending upon your needs, we’ll meet with you each fall to review the impact of your taxes on your overall financial plan. Download our checklist to get a preview of the information we’ll need to get started.

Taxes are complex — we’re here to help simplify them. Download our tax guide to learn how to prepare for the tax season so you can plan with confidence.