{"id":324,"date":"2021-11-24T18:08:24","date_gmt":"2021-11-24T18:08:24","guid":{"rendered":"http:\/\/198.199.118.135\/?page_id=324"},"modified":"2022-01-13T14:33:22","modified_gmt":"2022-01-13T14:33:22","slug":"tax-planning","status":"publish","type":"page","link":"https:\/\/www.lakehillswm.com\/tax-planning\/","title":{"rendered":"Tax Planning"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Taxes are often a large expense and can be a big drag on your current and future income. However, through proactive planning and collaboration with your tax advisor, we will seek opportunities to lower your tax bill now and in the future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tax optimization can be accomplished through:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual Tax Return Reviews [<a href=\"https:\/\/www.lakehillswm.com\/wp-content\/uploads\/2021\/12\/2020-Sample-Tax-Report.pdf\" target=\"_blank\" rel=\"noopener\">Click for a Free Sample<\/a>]<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Retirement Plan Contributions<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health Insurance and Health Savings Accounts Utilization\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Retirement Plan Location Analysis (e.g. Taxable Accounts, Pre-Tax Retirement Plans, After-Tax Retirement Plans)<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Roth Conversions\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Backdoor Roth IRA Contributions<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investment Asset Location (e.g. holding bonds in a taxable vs retirement account)<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Charitable Giving Strategies<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Entity Review<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coordination and Timing of Income Streams (e.g. Deferred Compensation Plans, Social Security, Pension, Required Minimum Distributions, etc.)<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual Tax Law Change Review<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Taxes are often a large expense and can be a big drag on your current and future income. However, through proactive planning and collaboration with your tax advisor, we will seek opportunities to lower your [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":349,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Planning - Lake Hills Wealth Management<\/title>\n<meta name=\"description\" content=\"With proactive planning and collaboration with your tax advisor, Lake Hills will seek opportunities to lower your tax bill.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehillswm.com\/tax-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Planning - 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