As tax laws become more complex, the value of tax planning is increasingly integral to financial planning. After all, money saved through astute tax planning represents a return equal to your marginal tax rate. There is no investment return in the world that even comes close to the value of tax reduction. Yet, few wealth management firms include tax planning in their services. We do.
At Grubman Wealth Management, we don’t consider taxes to be a once-a-year event. Instead, we stay on top of your taxes all year long by designing your portfolio with securities that suit your tax profile and identifying opportunities to reduce your taxes throughout the year.
We take the initiative to:
- Consider actions throughout the year based on market conditions and your circumstances, such as stock option transactions, capital loss harvesting, Roth conversions, etc.
- Optimize your charitable donations with appreciated securities and Donor-Advised Funds.
- Review your past returns during the financial planning process to identify any errors, which are more common than we’d like to see.
- Advise you on the optimal method for meeting your tax obligations, through quarterly payments and payroll withholding.
Our tax-planning experts will work with you and your tax preparer to help you pay what you owe in taxes—no more, no less.
Contact us if you’d like to set up an initial consultation.