It’s never too early or late to start a tax or investment plan. Our goal is to provide peace of mind. Our tax and investment professionals remain current on ever-changing tax incentives, regulations, and wealth strategies. These advisors have many years of experience in return preparation, which will maximize tax-specific incentives when possible and guarantee compliance with tax filings.
Long-term tax planning allows you to earn income for decades on taxes by deferring tax liability. Deferring tax liability means you do not start paying taxes on that income until later in life when you normally are earning less and being taxed at a lower rate. Time also helps with gifting by allowing the donor to transfer wealth annually, which reduces their taxable income and enables financial resources to be shifted to anyone they wish to receive that gift. There are annual limits on gifting, which is why having time to implement a strategy can be a very effective wealth retention tool.