Denver Retirement Tax Planning Advisors
It’s not just about what you earn, it’s what you keep. Taxes are one of the biggest expenses in life so it’s important to make sure you do proper planning so you’re not paying more in taxes than you need to.
Dechtman Wealth Management can help you preserve your hard-earned money and better help reach your short-term and long-term financial goals with the industry’s best practices to tax-planning.
Talk to an Advisor
We can help you answer the following questions:
Do you know how to tax efficiently accumulate and withdraw money from your investments?
Have you considered a Roth conversion for tax-free and RMD-free income in retirement?
Did you know you can reduce your Medicare premiums by reducing your taxes?
Are you aware of how to do a QCD to donate tax efficiently to charity?
Are you maximizing all available deductions?
The sooner you start planning, the better.
Lower Tax Risk
Using best industry practices, we evaluate your finances to strategically cut down on liabilities to get your money working for you.
Increase Your Income
We help you keep more of your hard-earned money in your pocket by lowering your tax bill through strategic planning.
Increase Tax Efficiency
We can better help your finances grow over time using tax-smart investment strategies with disciplined buy-and-sell decisions.
Create a plan to help manage, defer, and reduce taxes
Life can change in the blink of an eye, so it’s important to begin planning your financial goals as soon as possible. It’s essential that you have a plan in place for saving for retirement and diversifying your portfolio. Our financial advisors use many proven tax planning strategies to help you meet your financial goals, including the following:
Withdraw strategically: We illustrate optimal withdrawal methods using a sequenced combination of withdrawals from taxable, tax-deferred, and tax-free accounts. This can cut down on excessive interest and tax charges.
Invest in your needs: We base every client’s recommendations on their unique needs through individualized blueprints and tax-efficient strategies. Your plan will be in line with your life goals, whether that’s growing your savings or planning for expenses.
Monitor your account regularly: We don’t wait until tax season to analyze your finances. We monitor your accounts regularly to help you stay financially healthy year-round. With regular account reviews, we keep you informed on your tax situation throughout the year.
Give thoughtfully: We help you approach charitable giving with thought and purpose, using strategies such as trust planning and donating appreciated securities. We will help you maximize your donations so your dollar can go further to the causes you support.
Dechtman Wealth Management Tax Planning Services
Dechtman Wealth Management financial professionals work with you to understand your finances. We assess your current situation, evaluate your monetary goals, and create a customized plan to get you where you need to be. With our comprehensive tax planning services, you’ll have a clear, actionable financial plan that help keeps your hard-earned money in your pocket.
The Dechtman Wealth Management team is here for you every step of the way. Contact us today to schedule an appointment and start building your customized financial plan.
Hightower Advisors, LLC is an SEC registered investment adviser. Registration as an investment advisor does not imply a certain level of skill or training. Securities are offered through Hightower Securities, LLC member FINRA and SIPC. Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material is not intended or written to provide and should not be relied upon or used as a substitute for tax or legal advice. Information contained herein does not consider an individual’s or entity’s specific circumstances or applicable governing law, which may vary from jurisdiction to jurisdiction and be subject to change. Clients are urged to consult their tax or legal advisor for related questions.
Tax planners are worth it if you have complex financial situations, such as multiple income streams, investments, or business ownership, where tax planning services can minimize liabilities. We create strategies to manage deductions, credits, and retirement contributions, maximizing the amount of potential savings. The tax code is constantly changing, so it's important to make sure you're taking advantage of opportunities. Hiring a tax planner in Denver or the U.S. depends on the complexity of your finances and your potential tax savings.
To find a good tax planner, look for professionals with credentials like CPA, EA, or CFP who specialize in tax planning services. Verify they act as fiduciaries, prioritizing your interests, and check their experience with clients in similar financial situations. Ask for referrals, review their fee structure, and ensure they stay updated on tax laws.
A tax advisor provides general guidance on tax-related matters, including compliance and filing, while a tax planner focuses specifically on proactive tax planning strategies to minimize future tax liabilities. Tax planning services involve long-term strategies like retirement contributions or investment structuring, whereas advisors may focus on immediate tax needs. Both roles overlap, but tax planners emphasize future tax optimization. The choice depends on whether you need ongoing planning or one-time advice.
Tax planners typically charge for tax planning services through hourly rates, flat fees, or a percentage of assets under management if part of broader financial services. Some may bundle tax planning with other services, like financial planning, for a single fee. Always clarify the fee structure upfront to avoid surprises. You can schedule a consultation to learn more about the fee structure.
Yes, many CPAs provide tax planning services, creating strategies to minimize tax liabilities through deductions, credits, and investment decisions. While some CPAs focus on tax preparation and compliance, others specialize in proactive tax planning for individuals or businesses.
Many financial advisors offer tax planning services as part of their holistic financial strategies, integrating tax considerations with investment and retirement planning. They may manage tax-efficient investments or coordinate with CPAs for complex tax planning needs. However, not all advisors are tax specialists, so verify their credentials like CFP or CPA. For in-depth tax planning, you may need a dedicated tax planner, and Dechtman Wealth can help.
A financial planner creates comprehensive plans covering investments, retirement, and budgeting, often including some tax planning services. A tax planner specializes in tax planning, focusing on minimizing tax liabilities through strategies like deductions, credits, or tax-efficient investments. Financial planners take a broader approach, while tax planners dive deeper into tax-specific strategies. You may need both for complex financial situations.
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HTS Client Relationship Summary
Securities offered through Hightower Securities, LLC, Member FINRA/SIPC, Hightower Advisors, LLC is a SEC registered investment adviser. brokercheck.finra.org