Tax Planning
As investors pursue new opportunities or begin withdrawing from their investments, tax planning becomes a very important part of their overall financial picture. At The H Group, we take a proactive approach to taxes.
Paying taxes is an unavoidable reality of life. Tax planning can help reduce the overall tax burden and keep as much money in your pocket as possible. Plus, with tax benefits or initiatives always changing, it’s important to have an expert in your corner to make sure that you are taking advantage of every benefit that you can. We work as a team with your tax professional to continually refine your plan.
Tax planning is an important part of investing as well. As part of the investment planning process, our tax planning process can help guide you toward the most efficient investment strategy through the use of tax advantaged accounts and more. The ultimate goal should be to reduce the taxes owed and maintain a manageable tax bill come tax season.
There is also a role for tax planning in retirement. Retirees stop collecting a pay check and begin drawing income from other sources, including their own investments, pensions and Social Security. This change can sometimes lead to a shock around April 15th, but with careful tax planning, retirees can minimize how much of their hard-earned money they have to use.
Finally, some unique situations can require specific tax planning considerations. Philanthropic contributions are one example of this. With the right tax planning, your charitable gifts can be transferred in a way that can maximize your philanthropic legacy. Self-employed individuals and high net worth clients will also have their own unique needs.
No matter how complex your situation may be, tax planning should be an important part of your overall financial picture. For tax planning in Oregon and across the country, our team of CERTIFIED FINANCIAL PLANNER™ professionals are here to work with you and your tax professional to create clarity and confidence in a complex world.