You Earned It
Let us Help You Keep it
Year-Round Tax Planning
Because if you wait until April, you might be too late. Taxes are part of every day life. When you earn, invest, spend and give…tax is there with you. At Local Wealth Management, our Certified Financial Planner® professionals partner alongside your tax and legal professionals to to provide guidance aimed at managing tax implications and helping you make informed decisions.
Tax Smart Strategies Integrated With Your Financial Plan
ROTH Conversions
Tax-Loss Harvesting
Tax Bracket Optimization
Tax Optimized Withdrawals
Tax Planning & Tax Filing Strategies
Many tax professionals and DIY tax software programs often organize your data input into a tax form. While functional, this approach often does not include tailored tax advice.
At Local Wealth Management, we partner directly with tax professionals to integrate your tax strategies along side your full financial picture. We offer our network of professionals or can work with your existing tax relationship.
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Guiding Principle
For US citizens, taxes affect many aspects of life, from income and investments to your home and everyday purchases. For some families, taxes may often apply to gifts and charitable contributions.
At Local Wealth, your advisor works with a network of tax professionals and attorneys to provide guidance aimed at helping you manage your tax exposure.
Tax Planning FAQ
Why don't most people know about Medicare IRMAA thresholds?
In 2025, for example, a married couple with $334,000 in income falls into one Medicare bracket, but earning just $1 more, $334,001, can increase Medicare Part B and Part D costs by over $3,000. Many people aren’t aware of these income thresholds, which is why careful planning and guidance are important.
What's the difference between Roth conversion deadlines and IRA contribution deadlines?
The deadline for Roth conversions is December 31st, whereas IRA contributions can typically be made up until your tax filing deadline. Confusing these deadlines can result in missed opportunities to manage taxes effectively, so understanding the timing is key.
How can moving to Florida save me money in taxes?
Simply relocating to Florida doesn’t automatically reduce your overall tax burden. There is a difference between having a residency in Florida and establishing Florida domicile. A comprehensive review of your financial situation can help identify potential tax implications and ensure that any planning decisions are made with a full understanding of your circumstances.