Tax Planning

STRATEGIC TAX PLANNING

Minimizing Liabilities, Maximizing Wealth

At Rockwood Stone Wealth Management, we understand that effective tax planning is crucial for maximizing your wealth and achieving your financial goals. Our tax planning strategies are designed to minimize your tax liabilities while ensuring compliance with the ever-changing tax laws.

Rockwood Stone Wealth Management does not provide tax or legal advice. All decisions regarding tax or legal implications of your investments should be made in consultation with your independent tax or legal advisor.

Efficient Investment Choices

We analyze your investment portfolio to identify opportunities that can reduce your taxable income, working alongside your CPA or tax professional to implement strategies such as tax-loss harvesting, utilizing tax-efficient funds, and strategically timing the sale of investments.

Tax-Advantaged Accounts

Working alongside your tax professional, we guide you in making the most of tax-advantaged accounts such as IRAs, 401(k)s, and Health Savings Accounts (HSAs). These accounts can provide significant tax benefits, allowing you to grow your wealth while minimizing your tax burden.

Timing of Income Recognition

Our team works closely with your tax professional to develop strategies for timing income recognition and deductions to optimize your tax situation. This could involve deferring income or accelerating deductions to achieve a more favorable tax outcome. Additionally, we assess opportunities for Roth IRA conversions, implementing these strategies based on your accountant's recommendations to maximize tax efficiency.

Collaboration with Tax Professionals

We work closely with your CPAs or tax accountants to ensure that your financial strategies align with your overall tax planning. This collaboration helps you stay compliant with tax laws while leveraging every available advantage.