Sivia Segment: Plan For Those You Love

Every comprehensive retirement plan should begin with well-defined retirement goals and tax planning crafted with a team that specializes in both. Whether you’re already enjoying your golden years, or setting yourself up for long-term financial success, it's important to ensure you are covering your bases.

A solid tax plan will include both a list of actions to execute and a timeline for when to implement them. Each step should work in line with others to achieve maximum tax efficiency while also keeping the pursuit of financial goals on track. This goes hand-in-hand with your efforts in creating an estate plan that works for your unique circumstance.



It is important to note that tax planning differs from tax preparation. Tax preparation is specific to the completion and filing of a tax return, whereas tax planning is an ongoing, year-round process. Tax planning is the strategizing that happens before tax preparation so your tax preparer can congratulate you on a low tax bill in April.

If you have questions about what this means for you, your family or your business, please reach out to the Elder Financial Center.