Advisor Tax Mistake #3 – Skipping the Three Most Important (But Least Sexy) Tax Strategies
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This article is the fifth in a series of the seven most common mistakes financial advisors make on tax planning with clients.
In my previous article, I discussed the mistake of doing tax planning one year at a time. This week I will discuss Evaluating Roth conversions for every client, every year, Leveraging charitable giving, Explaining taxes in buckets, and Action items for tax planning.
“I send tons of clients to my local CPA, but she never sends me a single client back!” As an advocate of advisors working closely with tax preparers, and as a tax preparer myself, I hear the complaint of unreciprocated referrals all the time from financial advisors.Read More
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