Tax-Focused Financial Planning
Fee-only financial planners understand the importance of income taxes in the financial planning process. Our profession recognizes that we can’t even begin to think about financial planning and investing without considering the background tax treatment. This presentation explores the ways planners can integrate tax planning more closely into their practices to create value for their clients and build better client relationships.
Traditional tax service views tax preparation and filing as a once-a-year task. Financial planners are uniquely well situated to create value by playing an active role in clients’ year-round tax planning. As teachers and coaches, we help clients understand the consequences of their decisions. The planner is in a position to identify opportunities and strategies for tax reduction across all areas of the financial plan.
Traditional tax service views tax preparation and filing as a once-a-year task. Financial planners are uniquely well situated to create value by playing an active role in clients’ year-round tax planning. As teachers and coaches, we help clients understand the consequences of their decisions. The planner is in a position to identify opportunities and strategies for tax reduction across all areas of the financial plan.