Tax Planning
Effective tax planning is a critical component of preserving and growing long-term wealth. For high-net-worth individuals and families, minimizing unnecessary capital gains, income taxes, and distribution inefficiencies can have a significant impact on overall financial outcomes. As tax laws continue to evolve, having a proactive strategy in place helps ensure your investments, retirement income, and legacy plans remain structured in the most tax-efficient manner possible.
Tax Planning
Beyond Tax Season
Your tax picture is shaped by more than your annual return. Investment gains, Social Security timing, Roth conversions, Medicare premiums, and estate planning decisions all impact what you keep, what you spend, and what you pass on.
Never in a Silo.
Your CPA plays an important role in preparing your tax return and providing tax advice. Our role is different — but deeply connected. We help coordinate your investment strategy, retirement income plan, charitable giving, and long-term wealth planning so your financial decisions are made with greater awareness of the potential tax impact.
The goal is not just to look backward at what happened last year. The goal is to look forward — and help you make more informed decisions before taxes become an avoidable surprise.
We work alongside your CPA and legal professionals, not instead of them. Our job is to make sure the investment and financial planning details are organized and communicated throughout the year.
Many of the most valuable tax decisions must happen before year-end — or before a major financial event. We build planning into the ongoing advisory process so opportunities aren't missed.
Every family's tax situation is unique. We build planning around your income, your accounts, your goals, and the life you're actually living — not a generic checklist.
Process
Tax planning should be woven into your financial life year-round — not bolted on at the end. Here is how we approach it with every client.
We look at every area of your financial life that can impact your tax situation — taxable accounts, retirement accounts, income needs, Social Security timing, Medicare, charitable goals, estate planning, business interests, stock options, and concentrated positions.
We look for areas where planning may create value — tax-loss harvesting, Roth conversions, charitable giving strategies, rebalancing, capital gain management, income timing, RMD planning, and coordination around major liquidity events.
We organize and communicate the financial planning and investment details that may impact your tax picture throughout the year — realized gains and losses, Roth scenarios, charitable gifting, RMDs, and other considerations — so your advisor and tax professional are working from the same page.
We help implement the parts of the plan that fall within your investment and financial planning strategy — harvesting losses, adjusting withdrawal timing, managing capital gains, coordinating charitable gifts, rebalancing tax-efficiently, and positioning accounts for retirement income.
Markets move. Income changes. Laws evolve. Families grow. Retirement gets closer. Tax planning is not a once-a-year conversation — it's reviewed throughout the year, especially before major financial decisions are made.
Harvesting
Market volatility can be uncomfortable — but it can also create meaningful planning opportunities. In taxable investment accounts, tax-loss harvesting allows us to sell certain investments at a loss and use those losses to help offset capital gains, when appropriate.
This can be especially valuable when paired with a thoughtful rebalancing strategy, or when a client has realized gains from investments, business activity, real estate, or other taxable events.
Tax-loss harvesting is not about reacting emotionally to market declines. It is about using volatility with discipline — turning temporary market movement into a potential long-term planning advantage.
When markets decline, we look for opportunities to harvest losses that can be used to offset gains elsewhere in the portfolio — reducing your current-year tax liability without meaningfully changing your long-term investment strategy.
The wash-sale rule requires careful coordination — we manage this throughout the year so harvesting opportunities are captured correctly and compliantly.
Income Planning
Retirement income planning is one of the most important areas where taxes matter. The sequence of withdrawals from taxable accounts, traditional retirement accounts, Roth accounts, pensions, Social Security, and other sources shapes your tax bracket, Medicare premiums, and long-term wealth trajectory.
These decisions can have a meaningful impact over time — especially for families entering retirement or already living off their investments. We help clients think through the full picture and build a withdrawal strategy that's as tax-efficient as possible.
Planning
Social Security is more than a monthly benefit. The timing of when you claim can impact your retirement income, survivor benefits, taxable income, and long-term financial plan — and the right decision is highly dependent on your personal situation.
For some families, claiming earlier may make sense. For others, delaying may provide greater long-term value. The right answer depends on income needs, life expectancy, spouse benefits, tax considerations, and the overall retirement strategy.
We help clients evaluate Social Security in the context of their full picture — not as an isolated decision made in a vacuum.
Up to 85% of Social Security benefits may be taxable depending on your combined income. The timing of other income sources — withdrawals, Roth conversions, capital gains — can push more of your benefit into taxable territory.
Coordinating your Social Security claim with your overall income and withdrawal strategy can preserve more of your benefit over time.
IRMAA
Roth conversions, capital gains, required minimum distributions, business income, and large withdrawals can all affect the income levels used to calculate Medicare premiums — often for two years after the income was earned.
This is where coordination matters most. A Roth conversion that makes perfect sense in isolation can trigger thousands of dollars in additional Medicare costs if it pushes income past an IRMAA threshold.
We help clients think through these decisions before income is triggered — so Medicare costs are part of the planning conversation, not an unexpected surprise later.
Planning
A Roth conversion can be a powerful planning tool — but timing matters enormously. For some clients, converting a portion of traditional retirement assets to Roth assets during lower-income years may create more flexibility later in retirement.
This may help reduce future required minimum distributions, create tax-free income potential, and provide more options for legacy and estate planning. But Roth conversions are not right for everyone — they increase taxable income in the year of conversion and may impact Medicare premiums, tax brackets, credits, and other parts of the plan.
That is why we review Roth conversion opportunities carefully and coordinate with your CPA before any decisions are made.
The years between retirement and when Social Security, RMDs, and other income sources begin are often the best window for Roth conversions — when taxable income is temporarily lower and the tax cost of converting is minimized.
We model conversion scenarios alongside your full income picture to find the right amount, in the right years, at the right tax cost.
Planning
Once required minimum distributions begin, they may create a cascade of secondary effects — pushing more Social Security into taxable territory, triggering IRMAA surcharges, or filling up lower tax brackets you could have used more efficiently earlier.
Planning ahead may include Roth conversions, qualified charitable distributions (QCDs) from retirement accounts, account withdrawal strategy, or other steps designed to create more flexibility over time. The goal is to arrive at RMD age with as much control over your taxable income as possible.
Strategies
For families who give generously, charitable planning can be one of the most meaningful parts of the tax conversation. Done thoughtfully, charitable giving can accomplish multiple goals simultaneously — reducing tax liability, fulfilling philanthropic goals, and leaving a lasting legacy.
We help clients think through strategies such as gifting appreciated securities, using donor-advised funds (DAFs), or making qualified charitable distributions (QCDs) directly from retirement accounts for clients who qualify.
The heart behind giving matters. Our role is to help make sure the strategy behind the giving is thoughtful, coordinated, and aligned with your broader financial plan.
Gifting appreciated securities directly to charity avoids capital gains tax entirely — allowing you to give more without paying tax on the gain you've accumulated. Paired with a donor-advised fund, you can take the full deduction in one year and distribute gifts to charities over time.
For retirees over 70½, a qualified charitable distribution from an IRA can satisfy your RMD while keeping the distribution completely out of taxable income.
Liquidity Planning
We help clients evaluate how one major decision may impact the rest of the plan — including taxes, investment allocation, cash flow, retirement goals, charitable giving, and legacy planning. When a large liquidity event is on the horizon, the planning that happens before the transaction is often more valuable than anything that can be done after.
Whether it's managing the tax cost of selling a concentrated stock position, structuring the sale of a business to maximize after-tax proceeds, or navigating a complex equity compensation package — we bring the full financial picture into the conversation.
Coordination
Tax planning is not only about what you keep during your lifetime. It is also about what you pass on. We work alongside estate attorneys, CPAs, and other professionals to help clients coordinate beneficiary designations, account titling, gifting strategies, trust funding, and long-term family wealth planning.
For many families, the goal is not simply to transfer assets. The goal is to transfer wisdom, values, stewardship, and opportunity. That is why legacy planning is deeply connected to the way we approach tax planning — and why we take it seriously.
The way assets are owned, titled, and designated affects both estate taxes and income taxes for your heirs. A well-coordinated plan accounts for both — ensuring your estate plan and your financial plan are working toward the same outcome.
We connect your financial advisor role with your estate attorney and CPA so nothing falls through the cracks between disciplines.
Planning Matters
Many of the most important tax decisions happen before tax season. By the time a return is filed, many opportunities may already be gone.
A proactive process allows us to review potential tax-loss harvesting, Roth conversions, charitable giving, capital gains, retirement income, Medicare thresholds, and other planning decisions while there is still time to act. This is how tax planning becomes more than a report. It becomes part of the ongoing wealth management process.
Review prior year results, assess Roth conversion opportunities, evaluate tax bracket positioning, and confirm RMD strategy.
Review estimated tax payments, monitor for tax-loss harvesting opportunities, and begin mid-year income projection with your CPA.
Review portfolio for harvesting opportunities, revisit Roth conversion scenarios, and evaluate Medicare premium thresholds for the coming year.
Execute year-end tax strategies, finalize Roth conversions, complete charitable giving, take RMDs if applicable, and coordinate with CPA before December 31.
Family & Your Goals
At Boyer Financial Services, we believe tax planning should be personal. It should reflect your retirement goals, your family, your values, your income needs, your giving, and the legacy you hope to build.
We are not here to replace your CPA or attorney. We are here to help coordinate the moving pieces of your financial life so your decisions are made with greater clarity, intention, and care.
When your financial advisor, your tax professional, and your estate attorney are working from the same page — that's when the real value of planning becomes visible.
Important Disclosure: Boyer Financial Services does not provide tax or legal advice. We work in coordination with your CPA, attorney, and other professional advisors to help align your investment and financial planning strategies with your broader tax and estate planning goals. Tax-loss harvesting, Roth conversions, charitable giving strategies, and other planning techniques may not be appropriate for every client. Individual circumstances should be reviewed with qualified tax and legal professionals before implementation.
A More Coordinated
Approach to Taxes.
Let's review how your investments, retirement income, Medicare considerations, charitable goals, and long-term wealth plan work together — and build a more intentional tax strategy around your life.
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INVESTMENTS
BUSINESS PLANNING
EDUCATION PLANNING
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RETIREMENT PLANNING
TAX PLANNING
