Tax & Insurance Planning
Tax and insurance strategies involve approaches designed to help individuals and families manage tax exposure and strengthen their overall financial position.
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Tax Planning
Everyone’s financial situation is unique, and appropriate tax strategies vary by client. Because tax laws are complex and subject to change, clients should consult a qualified tax professional or financial adviser who can tailor recommendations to their circumstances.
Tax Loss Harvesting
Tax-loss harvesting is an active portfolio management technique Virtue Asset Management may use to help manage current or future tax exposure. Click here to learn more.
Tax Optimization
Effective tax optimization may help improve a client’s long-term tax efficiency during life and at death. Potential benefits may result from aligning asset location and withdrawal strategies across taxable, tax-deferred, and tax-free accounts. Click here to learn more
Tax-Efficient Withdrawal Strategies
In retirement, the order in which funds are withdrawn from various account types can affect a client’s overall tax liability. By carefully planning withdrawals from taxable, tax-deferred, and tax-free accounts, you can potentially optimize your tax situation in retirement. Coordinating withdrawals from taxable, tax-deferred, and tax-free accounts may improve tax efficiency in retirement. Because many investment gains are taxable, evaluating after-tax investment returns is an important part of retirement planning.
Cash Flow Tax Projections
Virtue Asset Management can prepare detailed cash-flow and tax-projection analyses as part of its planning process. Understanding expected income can help clients make informed decisions regarding retirement contributions, charitable giving, and the timing of capital-gain recognition. As fiduciaries, advisers are required to exercise prudence and loyalty and to provide full and fair disclosure of material conflicts so clients can provide informed consent.
Insurance Planning
Insurance can play an important role in managing risk, preserving wealth, and supporting long-term financial security.
Life Insurance
Life insurance can be used to provide financial protection for beneficiaries and may help address long-term income-replacement and estate-planning needs. Click here to learn more.
Key Person Insurance
Key-person insurance can help protect a business against the financial impact of losing an essential employee or owner. Click here to learn more
Estate Planning and Wealth Transfer
Life insurance may be used in estate planning to provide liquidity for taxes or other expenses, which can help beneficiaries avoid selling certain assets to meet obligations.