Tax strategies require careful professional guidance to calculate, set up and convert, but more importantly to understand contribution limits, income limits, pro-rata pre-tax versus after-tax contributions, and changes for every tax year. Managing income sources to avoid triggering a higher tax bracket is paramount to how we plan and invest for you.
Asset location means strategically placing asset classes (equities, fixed income, debt, etc.) in your portfolio based on the tax treatment of the different types of accounts you have. The goal is to put investments in the right place to reduce taxes and maximize your after-tax returns. Click here to read our article "Asset Location to Optimize After-Tax Returns."
Tax-loss harvesting allows you to sell investments that are down, replace them with reasonably similar investments, and then offset realized investment gains with those losses. Tax-loss harvesting is part of our investment management throughout the year.
Starting IRA distributions before they are required may be beneficial. We will assist you in determining how much, if any, to take from your IRA prior to starting your Required Minimum Distributions. By taking a holistic look at your income-generating assets, we'll devise a plan to draw on your portfolio over time in a tax-efficient manner.
Advisory services are offered through Legacy Financial Independent Advisors, LLC ("Legacy") an SEC registered investment adviser. This is not an offer, solicitation of an offer, or advice to buy or sell securities in any jurisdiction where Legacy is not registered. Any projections or forecasts are hypothetical in nature and may not reflect actual future performance. By using this website, you accept our Terms of Use and Privacy Policy. You should consult with a tax advisor. You acknowledge that you are responsible for your own financial decisions. The content on this website is for informational purposes only and does not constitute a comprehensive description of Legacy's services. Certain investments are not suitable for all investors. Before investing, consider your investment objectives. The rate of return on investments can vary widely over time, especially for long-term investments. Investment losses are possible, including the potential loss of all amounts invested. Factual statements provided through Legacy's products or services, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products or services will be profitable, or that they will not result in losses. Past performance is not indicative of future results. Reference to registration with the Securities & Exchange Commission (“SEC”) does not imply that the SEC has endorsed or approved the qualifications of the firm or its respective representatives to provide any advisory services herein or that the Firm has attained a level of skill or training.
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