Tax planning impacts just about every aspect of your financial life.
The Internal Revenue Code is a massive, living document. Every time congress meets the tax code changes. You need assistance in understanding how these changes impact your financial life, that of your parents and even your children.
Your tax education will impact what can seem like endless tax planning decisions:
- How much should you contribute to your company's retirement plan?
- Should you use the Traditional or ROTH contribution options?
- Should you take distributions at 59.5 or wait until 70.5?
- What about investments outside of your retirement accounts?
- How are they taxed and when are they taxed?
- When should you start Social Security and is Social Security income taxed?
- Do you need to do Estate/Inheritance Tax planning?
- How about life insurance, how is it taxed and when?
The complexity of the tax code requires a proactive stance toward tax planning.
Individual consulting is a byline at FRS Capital Management and we serve as the liaison between you, your accountant and attorney.
We work with our clients, in conjunction with their CPA's and attorney's, to take a proactive stance towards tax planning and help our clients use all the tools at their disposal for effective tax management.