Tax Planning

Tax-Efficient Planning

While taxes are inevitable, nobody wants to pay more than necessary on what they’ve earned. This pillar of The Mile Marker FORMula™ investigates the applicability of strategies designed to minimize tax impact today and in retirement.

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Make Informed Decisions

You can’t avoid taxes, but you can plan to mitigate unnecessary tax burdens and maximize your retirement income. Tax-efficient planning is about managing your accounts and being mindful of their tax statuses to strategically manage your hard-earned wealth. Our team is well-versed in the intersection of tax-advantaged planning and wealth management. We’re not CPAs, but we're happy to work with yours or introduce you to one if needed.

Key Topics

Tax-Efficient Strategy Analysis

Retirement Tax Scenarios Projections

Retirement Savings Optimization

Roth Conversion Opportunities

Backdoor and Mega Backdoor Roth Planning

Succession and Transition Tax-Efficient Planning

NUA Tax-Advantaged Strategy Planning

Tax-Efficient Planning – Part of The Mile Marker FORMula™ Integrated Process

Planning for tax efficiency now and in your work-optional lifestyle is an important part of a complete financial plan because taxes impact your Wealth, Income, Legacy, and more, but it can’t be done in isolation. Alignment across and coordination between pillars is critical. During our planning process, we will look across seven pillars and follow the “Discover, Design, Deploy” process to build an intentional plan aligned with what matters most to you. We call this process The Mile Marker FORMula™.

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Frequently Asked Questions

Tax-efficient planning is the process of managing your accounts and investment decisions with tax impact in mind — both today and in retirement. The goal isn't to avoid taxes, since that's not possible, but to minimize unnecessary tax burden and maximize your retirement income through tax-efficient strategies.
Tax planning is one of seven service pillars in The Mile Marker FORMula™. Because taxes touch your wealth, income, and legacy, tax planning isn't handled in isolation — it's coordinated with the other pillars through the "Discover, Design, Deploy" process to build one aligned plan.
Tax-efficient planning services include tax-efficient strategy analysis, retirement tax scenario projections, retirement savings optimization, Roth conversion opportunities, backdoor and mega backdoor Roth planning, NUA (net unrealized appreciation) tax-advantaged strategy planning, and succession and transition tax planning.
A Roth conversion involves moving funds from a tax-deferred account, like a traditional IRA, into a Roth account, paying taxes on the converted amount now in exchange for tax-free withdrawals later. Whether it makes sense depends on your current and expected future tax situation, which is evaluated as part of a Roth conversion opportunity analysis.
Backdoor and mega backdoor Roth planning are strategies that allow higher earners, who exceed normal income limits, to still contribute to a Roth account through indirect contribution methods. These strategies are evaluated as part of a broader retirement savings optimization plan.
NUA, or net unrealized appreciation, is a tax-advantaged strategy planning approach for how employer stock held in a retirement account, like a 401(k), is taxed when distributed. Under the right circumstances, this strategy may reduce the tax impact compared to rolling that stock into an IRA.
You can get started by scheduling a meeting with an advisor. From there, the process examines strategies to minimize your tax impact today and in retirement, coordinated with the rest of your financial plan for maximum benefit.