Tax Planning
We work closely with your tax preparer to ensure that every opportunity for tax optimization is employed.
Minimizing the amount of taxes that you pay over your lifetime is an important component of your wealth accumulation strategy.
As your financial planner, we become more familiar with your overall financial situation than your accountant or tax attorney. This gives us the ability to identify multi-year tax minimization strategies that in many cases can materially lower your tax liability. We work closely with your tax preparer to ensure that every opportunity for tax optimization is employed.
PATHWAY FINANCIAL ADVISORS
A Client Story
Tom and Linda, both age 62 had both retired from full-time employment. Their retirement funding included traditional IRAs, Roth IRAs, after-tax savings, Social Security, and rental income from a four-unit apartment building they owned. Linda was also doing some freelance writing for food magazines.
Given the variable nature of the self-employment and rental income, Tom and Linda’s income tax exposure changed annually. Accordingly, we developed and adjusted annually, a retirement funding plan that drew from their various accounts in a way that minimized their current and long-term tax liability.*
*The above client story involves a current or former Pathway Client. Personal details, including names, have been modified to protect client confidentiality
OUR SERVICES
You define financial success.
We help you achieve it.
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Our initial financial planning work will illuminate the role your investments play in your life.
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Minimizing the amount of taxes that you pay over your lifetime is an important component of your wealth accumulation strategy.
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We will guide you through a collaborative process that will identify your goals and outline the appropriate mechanisms to achieve those goals.
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Our role is to help you understand what things can disrupt your financial plans and develop strategies to minimize those risks.
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We help you to define your legacy goals and execute them in a way that maximizes your desired impact.
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We have the unique opportunity to give you the perspective and advice you need to avoid financial potholes and capture opportunities.
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We work with clients to define their vision for their remaining decades, determine the resources required to achieve that vision, and help clients get comfortable with the idea of not receiving a steady paycheck.