Tax Planning

Taxes are one of the few costs in a portfolio you have real control over. Not the rates, but the timing, the account each dollar sits in, and the order you draw from when the income starts. This section covers planning, not filing. Tax-sensitive investing, harvesting losses without tripping the wash sale rule, where to hold which assets, sequencing withdrawals in retirement, and using charitable giving in the years when it does the most good. Florida has no state income tax, which is one reason so many of our clients moved here. It also means the federal picture carries all the weight, and the planning gets more concentrated rather than less. Nothing here is tax advice for your specific return. Read it alongside your tax professional, and reach out for a complimentary conversation if you want to look at how the planning side fits your plan.