Are You Paying More in Taxes Than You Need To? 

Have you ever wondered how you could reduce what you pay in taxes? Taxes impact just about every financial decision you make. At Milestone, we believe proactive tax planning is essential to protecting your wealth and achieving your financial goals. As fee-only financial and tax advisors, we create personalized tax-saving strategies to help you keep more of what you earn—allowing you to get more out of life and gain peace of mind. 

When was the last time your tax plan was reviewed for long-term savings? Our experienced team of fiduciary financial advisors monitor your taxes year-round to uncover ways to optimize your financial plan. We’re here to help you navigate tax planning with tailored solutions and the attention you deserve. 

Retirement Tax Planning

You’ve worked hard to save for retirement— but is your tax strategy adjusted to your changing circumstances? Many assume taxes will decrease in retirement, but that’s not always the case. Although you may no longer be working, you still need to pay taxes. Without careful planning, taxes on Social Security, RMDs, and investment income can take a bigger bite out of your retirement savings than required.

Smart tax planning doesn’t end when you retire, it becomes even more important. Keeping more of your wealth means more freedom to travel, help family, or enjoy retirement on your terms.

Even without a paycheck, retirement brings new tax challenges and opportunities to consider:

At Milestone, we’ve seen how proactive tax planning helps retirees reduce their lifetime tax burden—allowing them to keep more of their hard-earned money. Let us help you navigate the complexities of retirement tax planning with personalized strategies designed to help you do more and worry less.

Minimizing Taxes During High-Earning Years

Minimizing the impact of taxes now means having more to invest in what truly matters—whether that’s saving for your child’s education, taking unforgettable family vacations, or buying your dream home. 

At Milestone, we provide tax strategies designed to fit your busy life and unique priorities. From maximizing employer benefits to managing equity compensation, we focus on helping you save money so you can concentrate on what’s most important to you. 

We often help clients navigate questions such as: 

  • Should I go with traditional or Roth contributions for my retirement accounts this year? 

  • What’s the best way to minimize taxes on my stock options?

  • How much should I set aside from my vesting RSUs for taxes so I don’t owe money at tax time?

  • Is a Backdoor Roth IRA something I should consider?

  • Can I take advantage of my company’s Mega Backdoor Roth option?

  • Do I need to worry about AMT when exercising stock options?

Answering these questions the right way can help you save on taxes and free up money for the things you care about.  

Ready to take control of your taxes and make the most of your working years? Connect with our team today to simplify your tax planning and build a stronger financial future.

How Do Changes in Tax Law Impact My Financial Situation?

Regardless of where you are in life and your personal situation, there are general tax planning considerations that apply to everyone. In the past we have seen many tax law changes, and this is something that will continually change in the future. Staying informed about these changes, and taking action on the items that apply to you, can be a lot of work. Not to mention, each state has their own unique tax rules that apply to its residents, or those who are working in one state but living in another. Part of the value our fee-only advisors provide is staying up to date about these changes for you and helping you implement any new rules that may apply to your situation.

Some examples include:

  • How do new tax law changes impact me, and what actions should I take? 

  • What state-specific tax rules should I consider when making financial decisions? 

  • How do I manage taxes if I work in one state but live in another (e.g., work in MA, live in NH)? 

  • What do I need to know about state government benefits, like unemployment income?

Tax planning doesn’t have to be complicated. Leave the details to us, so you can focus on building your future with confidence and clarity. Contact us today to simplify your tax planning.

Tax planning team meeting in office, discussing tax law changes with documents on the table

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