Tax Planning

No matter what phase of financial life you’re in, tax planning is key. By employing effective tax planning strategies you can postpone or reduce taxes and have more money to save or spend. At GWM, we’ll work with your preferred tax professional to streamline the process.

Deferring and minimizing taxes

Contributing and investing within a tax deferred account structure is the first logical step that tax-aware investors should take part in. Some of the most common choices for tax-deferred accounts are available through retirement related vehicles offered through your employer or on your own, such as:

  • IRAs
  • Roth IRAs and Roth conversion strategies
  • SEP plans, Individual 401(k) plans, and more

Asset location

Asset location is a strategy that determines the proper account to place investments in an effort to get the most favorable tax treatment overall. This includes shifting higher tax investments to the tax-deferred or tax-free accounts.

The best location for an investor’s assets depends on a number of different things, including:

  • Your financial profile
  • Tax laws
  • Your mix of taxable and tax-deferred accounts

Withdrawal ordering

Withdrawal ordering can help make your portfolio last longer while easing potential tax burdens. Since the order in which you withdraw money from your investment accounts can impact how long your portfolio lasts in retirement, you should adjust this strategy if there are any income and tax bracket fluctuations throughout your retirement years. Our team is ready to help you at every stage striving to help you save on taxes by establishing an order in which you should withdraw from your various investment accounts during retirement.


This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.