FYR031: 5 Tax Prep Opportunities Before Year End with Mike Nesheim

Fall is a natural time to pause, reflect, and make sure your financial plan is aligned. At Vector, we proactively look across our client’s financial picture to identify opportunities that could improve tax efficiency before December 31st.

 

Five Year-End Tax Planning Strategies

1.    Roth Conversions – Paying some taxes now at current rates may provide more flexibility in retirement.

2.    Tax Loss Harvesting – Using market downturns to offset gains and manage taxes in a disciplined way.

3.    Capturing Capital Gains – Realizing gains strategically to rebalance or step up a cost basis.

4.    Distribution Strategies – Evaluating which accounts to draw from, and when, to balance taxes and portfolio longevity.

5.    Charitable Giving – Making generosity go further with strategies like donating appreciated securities or Donor-Advised Funds.

 

While not every strategy fits every situation, the right ones can potentially make a meaningful difference. For more context, Vector’s Mike Nesheim dives into these topics in this week’s Well Balanced podcast.

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vectorwealth.com/start to schedule an intro call.

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Please note that neither Vector Wealth Management nor any of its agents give legal or tax advice. The firm is not engaged in the practice of law or accounting. All content discussed in our podcasts, videos, or related blog articles are for informational purposes and should not be construed as individualized financial advice. All investment strategies have the potential for profit or loss. Past performance is not indicative of future performance. Form CRS and other regulatory information is available on our website: vectorwealth.com/regulatory

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