Tax planning is an integral part of any sound financial plan. In fact, the two go hand in hand.
While Tax Preparation is like looking in the rear view mirror at last years income and tax year, tax planning is looking ahead to the future, to ensure that your future tax liabilities are kept to a minimum through a comprehensive planning process.
This is accomplished by deferring and/or completely eliminating certain taxes by taking advantage of tax law provisions, increasing and accelerating tax deductions and tax credits, and in the end, maximizing any/all applicable breaks available under the current tax law.
It’s important to understand, that not all wealth management firms are created equal when it comes to these strategies. At GiiG Wealth Management, we have extensive experience with tax planning, so when you work with us, you’re working with a team of people who has a deep understanding of tax law, and the tax planning strategies that are available which can potentially lead to a lower tax burden.
If you’re current financial advisor has not discussed tax planning with you recently, it could be time to revisit it. If you have further questions, and would like to schedule a time to talk to one of the GiiG advisors, contact us today at (406) 541-401k or head over to our contact page and submit your inquiry online.