In Whitwell & Co., we see tax planning in three dimensions:
(i) Maximizing your wealth and tax-free cash flow
(ii) Doing so using powerful but simple IRS approved techniques
(iii) Protecting your sleep and ours: we do not do last-minute tax planning (it is stressful, expensive and inherently risky) and we strongly discourage clients from participating in "too good to be true" tax schemes. Those structures bank on greed and have significantly bigger audit risk; and audit defense can be expensive both financially and in terms of hair count.
Want Financial Freedom and a "Job Optional" lifestyle?
The key to building tax-free cash flow starts with a plan which specifies the right types of investments, which are then situated inside the correct type of tax-advantaged investment accounts (including one many people do not even know exists) and integrates those investments, if necessary, with individually tailored insurance contracts to protect you and your estate and maximize your cash flow.
Explained: What is A Tax Plan?
Let's simplify. What's any kind of plan? It is a sheet of paper (not a book), which clearly identifies the following key pieces of information:
a) where you're at ("Point A")
b) where you'd like to get to ("Point B")
c) the action steps needed to get you from Point A to Point B
d) who is responsible for each of the action steps in (c)
e) the timing of each of those steps
That's it. A tax plan is no different. Except, we do all of the above in plain and simple english, which our clients tell us they value greatly. There is no reason to complicate an already complicated process with needless tax lingo.
There is power and value in simplicity.