Ideal tax planning integrates seamlessly with all your greater financial plans. This can get complicated—like a juggling act, in which you must keep an eye on each item as well as the big-picture results.
Combine tax-wise planning techniques into a unified strategy across your varied financial interests and investments. We view effective tax planning as a way to reduce your lifetime tax bill—or beyond.
Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. Make the best use of these “tools of the trade.”
Health Savings Accounts (HSAs) pack more tax-planning punch than you might guess at a glance. Being triple tax-free and seeing we still need to be saving for significant medical expenses in our old age despite Medicare, HSAs should be part of your planning now.
Listen to Jeffrey Levine, Buckingham’s Director of Advanced Planning, who also happens to be one of the financial and tax minds that the entire country turns to in order to better understand the impact that the new national stimulus package will have on you personally.
While we prepare for a fresh start in 2021, here are six financial tips and best practices for year-end 2020 and beyond, none of which require any heavy lifting.