Are you confident your financial professional is considering tax strategy as part of your financial and retirement planning? A financial professional can’t consider what they don’t know.
At McKell Partners, we grew up as accountants. Mark passed the CPA exam in 1989 and spent the first stage of his career in public accounting working with Ernst & Whinney, now Ernst & Young. Adam is a licensed CPA and joined McKell Partners from Grant Thornton, the fifth largest public accounting firm internationally. As a practice, McKell Partners does not prepare tax returns. However, given our background, we are tax minded (which is key in a financial advisory relationship). As you can imagine, trying to make financial decisions without looking through the tax lens can be misguiding and result in unintended consequences. In our role as financial professionals, like your favorite accountants, we appreciate details, provide independent service and care about helping you accomplish your goals – after tax.
Here are some of the common issues where tax strategy plays a role:
- Wealth Transfer
- Qualified vs Non-Qualified
- 1035 Exchanges
- Tax favorable products
- Required Minimum Distributions (RMDs)
- Defusing the IRA Tax Bomb
- Traditional vs Roth vs Both
- Getting your tax preparer and financial advisor on the same page