During times of market volatility, it is very easy to focus only on the account performance that has been negatively impacted this year and miss other financial opportunities that you can benefit from times like now. Keeping this in mind, it is very beneficial to review potential tax benefits to help reduce your overall income taxes.
FFA Wealth has been focusing on increasing our capabilities to bring more value in all financial areas to help you accomplish your financial goals. Therefore, we have strengthened our abilities to provide even better financial and investment advisory services for you. More specifically, we are delighted to announce that we now offering TAX PLANNING. Very few firms and banks have this available currently.
Our FIRM has implemented certain technologies that enable us to perform an in-depth analysis of your ENTIRE federal tax return to develop forward-looking tax strategies, both short and long term, to help maximize your tax savings each year. From this analysis, we can create for you a personalized and detailed report, along with an easy-to-understand brief summary where we will outline specific action items or observations, we found that came out of our examination.
● Missed credits and deductions● ROTH IRA conversion opportunities● Tax-aware withdrawal strategies● Tax-loss harvesting analysis (especially beneficial in down markets)● Capital loss carry-forward summary● Taxable income source summary● Tax-bracket analysis● Required Minimum Distributions (RMD) analysis● Charity tactics
One of the greatest expenses in our lives are income taxes. That is why a forward-thinking tax planner is so valuable and complementary to advice you would receive from your CPA or tax professional. By leveraging today’s technology and the Internal Revenue Code, we are in an excellent position to share even more ideas to potentially lower your taxes and help you build wealth.