There’s no way to avoid it – we’re all responsible for paying taxes, especially when it comes to your investments. Every year, we figure out how much we may need to pay the government. Some of us will get a refund, some of us won’t get anything back, and some will have to pay more.

Through proper investment planning, we can help develop a tax planning strategy.

How Proper Investment Planning Can Potentially Reduce Your Taxes
There are three strategies available to help you come tax time:

• Defer your taxes. Through retirement investment accounts, such as an IRA or a health savings account, every contribution you make may help you reduce your current taxable income. In addition, any investment growth is tax deferred, which means you’re saving money while you are invested.
• Manage your taxes. Deferred accounts are not your only option. You may have several other opportunities. These include strategic asset allocation, investing in lower turnover funds, taking advantage of charitable gifts and capital loss deductions, and mutual fund distributions.
• Reduce your taxes. Consider another avenue of reducing your future taxes by setting up and investing in a Roth IRA or a college savings account. 

How a Financial Advisor Can Help You
It’s important to keep ahead of your income taxes or else you can end up owing more than you expect. But by speaking to financial advisors like us, we can develop a strategy to align with your needs and goals.

Get a jump start on your taxes today. Contact us today.

Asset allocation does not ensure a profit or protect against loss. Stifel does not provide legal or tax advice. You should consult with your legal and tax advisors regarding your particular situation.