TAX PLANNING

For life transitions:

Life transitions are hard enough, but dealing with what to do with taxes can be overwhelming. Tax decisions, and tax planning, are critical to achieving optimum outcomes for a wealth management strategy. At the same time White Oaks has a keen understanding that tax planning is different than tax preparation. The tax preparation process is thinking about what one can do about what is now. Tax planning is thinking about how things will play out over the many possible years of your wealth management plan. Life’s big transitions often come with complex tax decisions and the immediate consequences, as well as the long-term impacts, need to be considered.

Unique choices need to be made when deciding whether to do a Roth conversion, tax a lump sum from a pension or how to take a payout.  An inheritance will also result in a difference of whether one should receive or disclaim an inheritance.  There are an endless number of situations where good tax planning will have an impact. A comprehensive financial plan is the best way to shine a light on the best potential choices to produce an optimum outcome.

White Oaks serves as a trusted advisor to clients across the country from our offices in the Minneapolis-St. Paul, MN metro area and the Sarasota, FL metro area. The White Oaks’ team is comprised of CERTIFIED FINANCIAL PLANNER™(CFP®) professionals, Certified Public Accountant (CPA) and Chartered Financial Analyst® (CFA®) in cooperation with existing advisors and agents, will develop and implement a solid plan to manage taxes effectively both for the short and long term. Tax planning and tax effectiveness are core elements of a solid wealth management strategy.

Other Services for Life Transitions

Financial Independence

Financial Independence

For pre/post retirees
Education Planning

Education Planning

For funding upcoming education
Investment Management

Investment Management

For pre/post retirees
Estate Planning

Estate Planning

For changing lifestyles
Risk Management

Risk Management

For setting a new risk profile