Advanced planning to address current and future taxes.
Taxes are one of the most significant expenses that many people will have throughout their lifetime and retirement. However, far too often, we see individuals taking an inefficient approach to managing their tax situation. Most people may have a separate investment professional and a separate CPA who may not coordinate their efforts, creating a suboptimal tax plan for their individual goals.
Tax minimization is a complex undertaking that requires planning far into the future and not just for the current tax year. CPAs may often not ask forward-looking questions to determine the appropriate place to invest savings into the correct retirement accounts. Strategies around social security, pensions, traditional and Roth IRAs, and health insurance prior to Medicare at age 65 are critical components of an individual’s tax plan.
It’s often difficult for any single professional to tackle all critical aspects of fulfilling a client’s long-term financial goals. Being an expert in taxes, estate planning, investment management, and retirement planning can easily spread the resources of an individual advisor thin.
We take a team approach to your financial future. By working with one firm that employs individual specialists with backgrounds across all critical aspects of financial planning, we can coordinate a holistic approach to achieving your long-term goals. Our advisors will develop and monitor tax-sensitive financial strategies designed to help control current and future tax implications, supported by in-house tax planning and CERTIFIED FINANCIAL PLANNER professionals.
Clients who choose to work with Bernicke Wealth Management will discover the benefits of a coordinated approach to not only managing your present situation but working collaboratively to achieve your future goals.