Tax Planning

Tax planning can transform your finances.

Let’s shield you from too much tax liability. Our comprehensive view and access to your financial life can show you just how different tax preparation is from tax planning.

We think of tax planning as the strategy, study, and training you do to prepare for battle whereas tax preparation is the battle itself. Without adequate planning and lengthy training, the battle is destined to fail. The more dedicated you are, the more prepared you will be.

Through tax planning, we guide clients to smart decisions with the financial impact on both current and future tax returns. One strategy, for example, is a tax-efficient withdrawal for retirees. This strategy takes into consideration your cash flow, income channels, and lifestyle needs to minimize your tax liability.

Tax planning is a radical enhancement to your portfolio approach. It can create opportunities to rebalance a portfolio through asset location while saving money and minimizing taxes.

Tax-efficient portfolios examine the tax-efficiency of each asset within your portfolio and which account type (brokerage account, Roth IRA, Traditional IRA, 401(k) is best to hold each asset. Some assets work better in one over the other. This strategy seeks to minimize potential tax liabilities generated by the asset annually.

Proactive Protection

Tax planning can save you money by minimizing distributions classified as ordinary income and ensure minimal capital gains taxation. You can also take advantage of tax-loss harvesting.

StrongHold may look at maintenance of appropriate tax credits like the Affordable Care Act, health insurance premiums, and monitor your modified adjusted gross income to ensure it remains below the required thresholds for appropriate tax credits. Blending charitable giving goals with tax-efficient donation strategies can help, as well.

Proactively Advance Wealth Accumulation

When you save in taxes, you can reinvest in your future.

Sometimes converting traditional IRA dollars to Roth dollars in low taxable income years is a sound strategy. You will need to avoid unnecessary capital gains in this instance as high turnover could cause an increase in tax liability due to capital gains.

Tax planning is complex and comprehensive. The strategy we build together will be unique to you and your plan. At StrongHold, we seek to help you maximize your financial plan for now and into the future.

Is it time for you to revisit your tax planning strategies?

Schedule a Complimentary Consultation

Contact StrongHold Wealth Partners:


7150 E Camelback Road Suite 444
Scottsdale, AZ 85251