Taxes

• Tax Planning
  Careful tax planning is an essential component of any retirement plan. Fortunately, there are a number of strategies available to retirees that have the potential to dramatically reduce your lifetime tax bill. Working with The Planning Center, you will enjoy the confidence of knowing that you’re not paying more than your fair share. As an added convenience, we even have an in-house team of CPAs and other tax experts to prepare your annual returns for you!
• Avoiding Probate
  The peace of mind that accompanies a well-crafted estate plan is one of the greatest gifts we can give our loved ones and ourselves. Planning for an organized estate not only helps to avoid probate and unnecessary taxes, it reduces stress and uncertainty for everyone involved.
• Tax Services
  Our expert guides can help you navigate important decisions and establish a plan for financial security in retirement. We will help you turn savings into income, manage the tax impacts of those distributions through our in-house tax services, and even help you navigate some of the emotional challenges that accompany such a fundamental life transition.
• Capital Gains Taxes
  Here’s a simplified illustration. Suppose you own Mutual Fund A, which you bought for $50,000. You held it for a year, and in that time, it went up by $10,000 and is now worth $60,000. If you sell it, you will have a long-term capital gain of $10,000.  But suppose you also own Mutual Fund B, which you bought a year ago for $50,000. Today, it is only worth $40,000. If you also sold Fund B, you would “harvest” a long-term loss of $10,000 that can be used to offset your long-term gain of $10,000 in Fund A, resulting in a net capital gain of $0. You would owe no capital gains tax.

Investment

• Investment Management
  Your investment portfolio is the engine that powers the growth of your wealth over time. We believe investment success is achieved through the implementation of rigorous, research-based portfolio management strategies designed around the unique needs of each client.
• Mutual Funds
  Mutual funds are investment vehicles consisting primarily of stocks, bonds, or a mix of the two. Fun fact: there are over 10,000 mutual funds in the US alone ( Investopedia ). Your plan sponsor will typically choose about 10–20 of these to include as available options within your retirement plan.
• Bonds

Planning

• Financial Planning
  The Planning Center is proud to offer great careers at our 6 office locations to talented financial professionals. To us, being a leader in the financial planning industry includes providing a phenomenal place to work. We offer a collaborative environment, great benefits and flexibility to balance your great career and your great life. TPC was also recognized as one of InvestmentNews’ Best Places to Work for 2023 and we are proud to continue that tradition.
• Retirement Planning
  It is common for career changers to have concerns about the effect their transition will have on their retirement planning. Leaving one profession to pursue another often means putting a pause on retirement savings. For those downshifting or exploring less lucrative careers, it can even result in a permanent reduction of annual retirement account contributions. Will your decision to change careers lead to a later retirement? If so, how much later? We will conduct rigorous analyses to help you fully understand the trade-offs involved in every decision.
• Annuities
  Similar to TIAA Traditional, any of the variable annuities can be annuitized at retirement, though the income stream will vary depending on the performance of the underlying investment (hence the term
• Long Term Care
  The cost of long term care has increased dramatically in recent years, and may continue to do so in years to come. No matter how well-prepared you are to cover your living expenses in retirement, it is essential to conduct a careful, clear-eyed assessment of your potential long term care needs. With this knowledge in hand, we will explore different ways to cover these costs should they arise.
• Asset Management
  Some investors may want to replace the assets sold at a loss to maintain their desired portfolio asset allocation. In such situations, they need to be sure to observe the IRS’s wash sale rule, which specifies that they must wait at least 30 days before repurchasing an asset that is “substantially the same” as the one sold at a loss. Failure to do so would mean that the loss would be disallowed.