Tax Planning Services
Keep More Wealth For Yourself
Understanding Your Financial Landscape Through Tax Planning
We understand that effective tax planning is crucial to helping you safeguard your financial future and help manage your wealth. Our tax planning services are designed to help you navigate the complexities of the tax system, aiming to position you and your assets advantageously both now and in the years to come. Whether you’re a business owner, nearing retirement, or already enjoying your post-work life, our strategic tax planning is tailored to address your unique financial goals and challenges.
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“We have been clients of Jeremy and the Riverbend team for over two years. We continue to be very impressed with the financial planning expertise and customer service provided by Riverbend…”
– John Houck
“We met with Jeremy today for a free consultation. He is awesome! Gave us some great short-term and long-term advice on retirement planning. No sales pitches or pressure to use their services. We really felt like he just wanted to help us. Highly recommend!”
– Jean Hiers
“I highly recommend Jeremy & his team at Riverbend Wealth Management. This team is honest and conduct business built on integrity and a high level of customer service.”
– Daniel Grossi
Work To Maximize Your Wealth With Thoughtful Tax Strategies
In a world where taxes can significantly impact your financial health, proactive tax planning stands as your shield and sword. With Riverbend Wealth Management, you’re not just navigating the tax landscape; you’re working toward leveraging it to your advantage.
Our service focuses on strategies that can help enhance your wealth and preservation. By aligning tax planning with your broader financial goals, we help guide your financial decisions to support your aspirations, from business growth and retirement transitions and enjoying your well-earned retirement.
Core Values of Riverbend Tax Planning
Proactivity
We don’t just react to tax situations; our goal is to anticipate them. Our proactive approach involves continuously monitoring tax law changes and financial trends to adapt your strategy accordingly.
Customization
Understanding that each client’s financial landscape is unique, we tailor tax planning strategies to fit individual goals, challenges, and opportunities, ensuring personalized service that meets your specific needs.
Integration
Our tax planning is not a standalone service but an integral part of your overall financial plan. We strive to create tax strategies — while working closely with your CPAs — that can complement and potentially enhance your investment, retirement, estate, and/or business planning efforts.
Education
Empowering our clients through knowledge is key. We strive to provide clear explanations and insights into tax strategies and decisions, so you can better understand how your tax planning aligns with your financial goals.
Perspective
We focus on your financial well-being not just for the current year but for the future. Our tax planning takes a long-term view, aiming to support your financial legacy with a goal of providing lasting benefits.
Tax Planning Services
Income Tax
Help minimize taxes through timing and management of income and expenditures.
Investment Tax Planning
We take tax efficiency into account when making investment decisions with the goal of reducing your lifetime tax bill.
Estate Tax Planning
Strategies to potentially lower estate taxes, with the goal of passing more wealth to heirs.
Retirement Tax Planning
Working to increase retirement income by helping reduce taxes on account withdrawals.
Business Tax Planning
Reduce corporate tax liabilities through business structuring and expense planning.
Capital Gains Planning
Manage asset sales to help minimize capital gains taxes.
Charitable Giving
Leverage donations to help reduce taxable income with the goal of maximizing charitable impact.
Educational Funding
Use tax-advantaged accounts for education expenses, reducing taxable income.
Tax Loss Harvesting
Offset capital gains with losses to reduce tax liability.
Compliance & Reporting
Strive to submit accurate, penalty-free filing of tax returns to support potential savings.
Riverbend Wealth Management does not provide tax or legal advice. You should consult your tax and/or legal advisors before implementing any transactions and/or strategies concerning your finances.
Who We Serve
Our tax planning services cater to both individuals approaching retirement and those already enjoying it, alongside business owners seeking financial guidance. We aim to devise customized tax strategies that help to simplify the intricacies of retirement planning, business transitions, and tax efficiency, with the goal of helping your wealth serve your objectives effectively.
Empowering Business Owners
Strategies Designed To Recognize Growth Potential and Help You Preserve Wealth
For business owners, tax planning is not just about compliance; it’s a tool that can impact your company’s bottom line and growth potential. We focus on trying to identify potential tax savings opportunities for your business strategies, from structuring your business efficiently to attempting to identify applicable deductions and credits.
Our approach aims to help reduce liabilities and improve cash flow, potentially providing you with more resources to invest back into your business, plan for expansion, or prepare for an exit.
Supporting Pre-Retirees
Helping To Lead The Way To The Retirement You Envisioned
As you approach retirement, effective tax planning becomes increasingly important. We focus on creating strategies that aim to reduce your tax burden in the years leading up to retirement, with the goal of optimizing your savings and investments.
By considering the tax implications of your income sources and investment withdrawals, we can help you maintain your desired lifestyles and strive to avoid unnecessary expenses from your nest egg.
Guiding Retirees
Working To Enhance Your Definition of Financial Freedom in Retirement
For retirees, tax planning is key to helping you preserve your wealth and ideally maintain a steady income stream. Our experience lies in helping you manage the tax impact on your retirement income, from Social Security benefits to IRA distributions and beyond. We help you navigate required minimum distributions, tax-efficient withdrawal strategies, and estate planning to potentially reduce taxes and help you leave a lasting legacy.
With Riverbend Wealth Management, our goal is for you to enjoy your retirement years with confidence that you have worked to increase the tax efficiency of your financial picture.
Why Choose Us
At Riverbend Wealth Management, tax planning is integral to our comprehensive wealth management approach. Our deep understanding of tax regulations and strategies allows us to offer solutions that not only address your immediate needs but also aim to support your long-term financial goals. By partnering with us, you gain access to a team committed to your financial success, striving to make every decision with tax efficiency in mind.
Fiduciary
We have a fiduciary duty to put the interest of our clients first.
Fee-Only
We are paid directly by you and do not receive commissions.
Experienced
Our team, is led by Jeremy Finger he has obtained the CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Investment Management Analyst (CIMA®). Jeremy Finger has decades of combined experience helping clients achieve their financial goals.
Customization
We believe that every client is unique, and we tailor our services to your specific needs and objectives.
Relationship
We utilize Fidelity as our custodian and have access to some of their resources as part of that relationship.
Begin Your Tax Planning Journey
Are you ready to embark on your financial future with foresight? Reach out to Riverbend Wealth Management now and discover how we can help you use our experience with tax planning to allow you to live the life you want. We will help you navigate the complexities of tax law and work to help you enhance your financial well-being.
Frequently Asked Questions
How much should I expect to pay for tax planning?
Much like investing in a quality pair of shoes, the cost of tax planning can vary widely, reflecting the complexity of your needs and the depth of service provided. Some advisors might charge a flat fee, others a percentage of your assets, and some even opt for an hourly rate. Think of it as an investment in your financial health.
At Riverbend Wealth Management, we strive to prioritize transparency and value, aiming to help you understand the cost upfront with a goal of helping you feel confident in our services.
What are the 3 basic tax planning strategies?
We believe these strategies are essential to your financial toolkit.
First up, we have tax deferral—it’s like pressing pause on certain taxes today to pay them down the road, often when you are potentially in a lower tax bracket.
Then there’s income splitting, which involves distributing income among several taxpayers (like family members) in on effort to lower your overall tax bill.
And last but certainly not least, we’ve got tax deductions and credits – essentially identifying opportunities that may help reduce your taxable income and potentially receive a tax credit.
We believe these are foundational moves in the chess game of tax planning, and at Riverbend Wealth Management, we’re here to help you play to win.
What is tax planning?
Imagine tax planning as your roadmap through the ever-changing landscape of taxes, designed to help you identify where you may be overpaying. It’s a process of analyzing your financial situation or plan from a tax perspective, with the goal to improve tax efficiency. This means understanding various tax laws and strategies to potentially reduce, defer, and manage your tax liabilities. It’s not just about identifying opportunities to potentially save on taxes this year; it’s about aiming to set up a smart, comprehensive approach that can benefit your financial health in the long run.
At Riverbend Wealth Management, we strive to turn the complexity of taxes into clear, actionable strategies that can work for you.
What is the difference between a tax advisor and tax consultant?
You might think of them as two sides of the same coin, both skilled in navigating the tax sea, but with slightly different focuses.
A tax advisor is your long-term crew member, knowledgable in offering ongoing guidance and strategies to help you understand, and potentially improve your tax situation year after year. They’re about building a relationship with you, understanding your financial journey, and planning for your future.
A tax consultant, on the other hand, can step in for specific voyages—a particular tax issue, project, or question. They are the professionals you call for detailed analysis and solutions on demand.
At Riverbend Wealth Management, we work closely with your tax professional to help guide you through some of the complexities of tax planning, whether you need a navigator for the long haul or just for the tricky passages.
Are tax professionals worth it?
Picture trying to navigate a maze blindfolded—that could be tax management without a knowledgeable professional by your side. Tax professionals are skilled in helping you identify strategies and insights that may save you taxes over time. They not only strive to help you ensure you are compliant with the ever-changing tax laws but also work to find opportunities to potentially reduce your tax liabilities.
So, are they worth it? That’s for you to decide. With their guidance, you’re not just potentially saving money; you could be investing in your financial peace of mind and also, possibly, financial efficiency. At Riverbend Wealth Management, our financial professionals are ready to demonstrate their value, aiming to help you keep more of your hard-earned wealth where it belongs—with you.
What are the benefits of a tax consultant?
First, a tax consultant could bring you clarity to the bewildering world of tax codes, helping you translate them into actionable strategies. They can be your lookout for tax-saving opportunities, aiming to help you benefit from deductions and credits you may be entitled to. Plus, they offer personalized advice tailored to your unique financial situation, with a goal of helping your make insurance decision geared to understanding your tax situation.
With a financial professional from Riverbend Wealth Management, our goal is for you to gain an ally dedicated to supporting your financial health and aiming to help minimize your tax liabilities.
Please consult legal or tax professionals for specific information regarding your individual situation.
Fidelity Investments® (“Fidelity”) is an independent company, unaffiliated with Riverbend Wealth Management. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of the content supplied by your advisor and does not guarantee or assume any responsibility for its content. Fidelity Investments is a registered trademark of FMR LLC. Fidelity provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, and SIPC. 1148810.1.0
