Strategic and Financial Planning

Planning for Retirement

It is important to maintain a tax efficient portfolio especially in retirement. Here are a few tips: Consider minimizing the sale of investments in taxable accounts by having a thoughtful Investment Policy Statement that only requires sale of investments when re-balancing is needed. Also, if clients have required minimum distributions, consider having clients take the distribution early in the year to prevent or minimize selling investments in other accounts and created higher tax liability in the year.