Smart Tax Planning Strategies for a Wealthier Retirement and Legacy
As families transition into retirement or navigate life post-business sale, the tax implications of their decisions become more complex—and more consequential. Smart tax planning is not about loopholes or short-term tricks; it’s about crafting a lifetime strategy to reduce tax burdens and enhance legacy goals. At Omni 360 Advisors and Omni Legacy Law, we guide clients like Mike and Carol—a retired couple focused on family, philanthropy, and financial security—through practical tax strategies that secure their financial future and preserve their wealth across generations.
1. Asset Location: Matching Investments to Accounts
One of the most underutilized yet powerful tax strategies is asset location—placing the right types of investments in the right accounts to minimize tax impact. For instance: