Tax Strategies
Save now and later.
It’s no secret that taxes are no fun. At OWG, we help you analyze your tax burden with little hassle.
We work directly with your accountant or tax professional on at least an annual basis to mitigate current tax liability and plan for future tax liability. We do this through the implementation of a variety of retirement planning and charitable gifting strategies.
While you can’t escape taxes, mitigation and maintenance are the next best things. Our goal is to help make sure that both are taken care of.
How does proactive tax planning preserve investment wealth?
Proactive tax planning better positions asset location across taxable, tax-deferred, and Roth accounts, utilizes tax-loss harvesting, and coordinates distribution timing in retirement. These strategies are aimed at reducing lifetime tax burdens and manage net portfolio returns in an attempt to limit market risk.
What is the difference between tax planning and tax preparation?
Tax preparation looks backward to file completed annual returns, while proactive tax planning looks forward to structure current investments, charitable donations, and business income to minimize future taxable liability before the tax year ends.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.