Most people have one goal when it comes to taxes: Pay as little as possible on the next tax return.
However, that isn’t how you save the most – or achieve the most – in the long-run.
In fact, at Vance Wealth, we believe paying taxes is the goal. Why? It means you’re successfully growing and earning more over time.
“Our goal is always to help you achieve more. That means it’s safe to assume that you’ll earn more as the years go on, so it’s also safe to assume that, right now, you’re qualifying for a lower tax bracket than you will be in the future,” explained John Vance, President and Visionary of Vance Wealth.
“Yet one of the tax mistakes we see too often is last-minute strategies and purchasing decisions that prioritize savings right now. You’re taking the biggest deductions when the tax rate is lowest.”
At Vance Wealth, however, our goal is to minimize your lifetime tax liability.
We evaluate several tax planning opportunities, including retirement, charitable giving, realizing capital gains, Roth IRA conversions, tax credit eligibility, and more. In addition, we can run projections to see how potential changes (e.g., filing status, dependents, the sale of a business, stock option exercises, etc.) may impact your upcoming tax liability.
“We work with your CPA or tax professional to ensure we’re serving the big picture, while simultaneously digging into the details with every decision,” John explained. “As the natural conduit between you and your tax preparer, we can ensure that your tax plan is successful this year – and for a lifetime.”
Since 2003, Vance Wealth has served as a financial planning practice passionately committed to helping families and businesses succeed at every step of their financial journey. Serving Southern California, the practice delivers innovative and comprehensive wealth management strategies precisely customized to each client’s goals and needs. To schedule a complementary consultation click here.
Disclosures: Vance Wealth, Inc. (“Vance Wealth”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Vance Wealth and its representatives are properly licensed or exempt from licensure. For current Vance Wealth information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with Vance Wealth’s CRD #310162. The information provided is for educational and informational purposes only and does not constitute advice. Vance Wealth does not provide tax or legal advice. You should contact your tax advisor and/or attorney before making any decisions with tax or legal implications.