Proactive Planning to Limit the Impact, Plus Preparation to Reduce the Stress
At Truepoint, we consider the tax implications of everything we do for clients. Our expert teams collaborate to ensure tax strategies inform the structure of our clients’ investment portfolios. For instance, we use asset allocation, tax-loss harvesting and tax-efficient investment vehicles to limit tax liabilities.
But our tax services extend beyond investment portfolios to include strategic income tax planning and the preparation and filing of tax returns. Truepoint’s tax team develops personalized strategies that align with broader financial planning, investment and estate planning efforts. This coordinated approach can be particularly valuable for high-income earners between the ages of 59½ and 70½ who may be able to strategically withdraw assets from taxable, tax-deferred and tax-free investment accounts.
The bottom line? We believe tax planning should be a continual and proactive process, not a task for a few weeks in March and April each year.