Tax Planning Questions sound like…
- Am I paying too much in taxes?
- How do my investment decisions affect my tax bill?
- When will tax rates go up?
- Should I convert my IRA to a Roth?
- What accounts should I draw from?
It's Okay to Pay Tax. Just No More Than You Need to.
Taxes are likely to be one of the largest expenses you'll face over your lifetime. Unfortunately, many people fail to take full advantage of the tax incentives available to them and end up paying more than they need to. The good news is that a well-designed income plan and investment strategy can be closely aligned with a thoughtful tax plan to help reduce what you may owe in the future.
This is work we can do directly. Steven Floyd is a licensed Enrolled Agent — credentialed by the U.S. Treasury to represent taxpayers before the IRS. That means tax planning here isn't a referral or an afterthought. It's built into your plan from the first conversation.
It’s a Long Game
When people think about tax planning, they think about what they can do this year. A deduction here, a contribution there, a rush in December to lower the April bill.
We see it differently. The biggest tax savings of your life don't happen in any single year — they happen across decades. A Roth conversion done at 62 can save six figures by age 85. A withdrawal sequence mapped out before retirement can change your lifetime tax bill by more than your house cost.
So when we sit down with you, we're asking different questions:
- Where are tax rates going?
- What will your income look like in the future?
- What's your giving plan?
- When will we use certain investments?
We use these answers to map out the next 10 to 20 years of your taxes — year by year — so we can see the bracket cliffs before you reach them. The goal isn't a smaller bill this April. The goal is a smaller bill over the rest of your life.
Increase Your Cash Flow
Taxes are likely to be one of the largest expenses you'll face over your lifetime. Unfortunately, many people fail to take full advantage of the tax incentives available to them and end up paying more than they need to.
The good news is that a well-designed income plan and investment strategy can be closely aligned with a thoughtful tax plan to help reduce what you may owe in the future.
This is work we can do directly. Steven Floyd is a licensed Enrolled Agent — credentialed by the U.S. Treasury to represent taxpayers before the IRS. That means tax planning here isn't a referral or an afterthought. It's built into your plan from the first conversation.
Your Money Can Go to Four Places:
What you spend — lifestyle, bills, and time with friends and family
What you save — cash reserves and short-term goals
What you invest — long-term growth and future plans
What you give and leave — gifts to friends, charity, and your estate / legacy plan
Deciding ahead of time where you'd like your money to go is the first step to proper tax planning. Most people never get specific about it — they save what's left, spend what they want, and hope the rest works itself out. We do the opposite: we decide first, then build the tax plan around the life you actually want to live.