Taking the Long View on Taxes
CPAs and tax preparers focus on how to limit your tax liability. While they crunch numbers and face a yearly April 15 deadline, we can take a broader view.
Your financial plan gives us a clear and complete understanding of your finances.
Because of this, we’re in a better position than your CPA or tax preparer to understand the potential for maximizing opportunities, such as setting up additional retirement accounts or creating trusts and family limited partnerships. Converting a traditional IRA to a Roth IRA, for example, can create a short-term tax liability. From the accountant’s narrow point of view, it doesn’t make sense to convert. But from where we sit, with your overall financial interests in mind, making a Roth IRA conversion can make sense in the long-term and leave you with more money in retirement.
