Tax planning and coordination
You can’t ignore taxes.
Tax planning is a bit of a science and an art. The goal? To structure your finances in ways that either postpone or altogether avoid taxes. The reason for doing that? To keep more of your hard-earned money. Then it’s up to you – not Uncle Sam – whether to save, invest or spend it.
Trying to make sense of all the tax deductions, credits, breaks and rules under the Internal Revenue Code can be enough to make your head spin, however.
Yet the benefits of tax planning and coordination are immense.
The more assets and wealth you have, the more complicated your taxes are. Whether simple or complex, your taxes aren’t something you want to ignore until a looming deadline draws near. Arranging your finances and investments in a tax-efficient manner and being prepared – rather than surprised – when tax day rolls around is key.