Tax Planning

Planning for the future is important. Whether you quote Benjamin Franklin or Uncle Sam, death and taxes are inevitable things we will all have to face. This is especially true for investors and retirees who have already deferred taxes (like in retirement plans or IRAs). About 60 million Americans have over $7 trillion of investments combined held in 401(k) retirement plans, and most of this money is held tax deferred.

Typically accountants, tax preparers, or CPAs are used to file tax returns, hopefully minimizing the amount of tax you have to pay on various types of income you saw in the last year. But our clients can rely on their advisors to watch for the details and make moves to minimize taxable income overall before it hits their returns by proactively coordinating tax planning & investment planning. Cardinal Retirement Planning, Inc. works directly with tax professionals, prepares draft returns for review, and can project future tax returns based on your goals and objectives. Your right hand needs to know what your left hand is doing.