Step 3: Tax Planning & Preparation

Our Chicago team of advisors will look inside your portfolio for the capital gains or losses that each security may affect, if they were realized.

By strategically identifying areas with relatively large gains or losses, we can create a realization plan that minimizes the tax consequences of selling the security. This strategy is especially effective for individuals who are entering or are already in retirement.

Tax loss harvesting is the practice of realizing capital losses to offset capital gains. By neutralizing capital gains, we can reduce an investor's taxable liability, and, in some cases, create carry-forward losses that can protect a portfolio from unnecessary taxes in future years.

Tax loss harvesting can also offset up to $3,000 of taxable income, which also reduces an investor's tax liability.

As a service to clients, we offer tax preparation and support in pulling 1099's, 1099-R's, K-1's, and other sensitive tax documents.

Our goal is to help you optimize the management of your wealth, which includes simplifying the process of pulling tax documents.

In retirement, a primary or supplementary source of income may be distributions from your investment portfolio.

We work with you to strategically withdraw capital from your portfolio with the goal of minimizing the tax consequences associated with withdrawing additional income.