TAX PLANNING

You’ve worked hard for your money. It’s time to see what it can do for you. 

It’s a little–known fact that once you reach retirement,  withdrawing from certain accounts at different times can cost you money. However, once you figure out the correct order in which to access your assets, you could actually generate money with the timing of your withdrawals.

Why the Tax and Jobs Act of 2017 impacts you
Did you know that the Tax and Jobs Act of 2017 lowered our effective tax-rate through December 31, 2025?

This means that if you’re deferring into your IRA today, and saving 12% or 22%, you’ll be paying 15% and 24% when you take that money as income. Plus, that’s only with the tax laws in place right now.

But do you think taxes are going up or down over time? Since we’re in some of the lowest tax-brackets in American history, we believe they’re going to increase.

Or, do you have dividends being generated in your investments?

Tax Planning or Tax Preparation?

There is a difference between Tax Preparation and Tax Planning.

Tax Preparation

can be facilitated by consulting an advisor, however many people are already in the habit of independently squaring away taxes with the IRS each year.

Tax Planning

is a much more comprehensive approach to how your taxes can work for you. It’s not just about how much you owe, it’s about creating a plan. We can help you defer any taxes you are not legally required to pay toward investments that will generate money. 

Tax Planning

is a much more comprehensive approach to how your taxes can work for you. It’s not just about how much you owe, it’s about creating a plan. We can help you defer any taxes you are not legally required to pay toward investments that will generate money. 

Our Tax Planning Advisors are skilled in evaluating the big picture of how your taxes will affect you today, tomorrow, and during your retirement years. Tree of Life’s Tax Planning experts analyse your assets to create a tax plan that will not only save you money; it’ll make you money.

Our Plans Will Ensure:

That you do not have to touch your savings and investment accounts for a higher tax rate.

That you know when you should be accessing each account. We create personalized withdrawal strategies that work.

That you are working for your retirement goals. We’ll help you select the investments that will generate the most money for your retirement years.

At Tree of Life Taxes and Insurance, we care about your needs. Our experts are here to create a personalized plan that works for you. If you’d like to hear more about how we can help you, book your complimentary Tax Strategy Discovery Session today.

Protect Your Hard-Earned Money.

You’ve done the hard work. We’ll take care of the rest. 
Book a call. Let’s achieve your tax planning goals, together.