When is the right time to do a Roth conversion?

The right window is typically after retirement and before age 73, when required minimum distributions begin, if your tax bracket is lower than it will be when distributions are required. The specifics depend on your income sources, your retirement timeline, and your complete financial picture.

How does Social Security affect my taxes?

Up to 85% of your Social Security benefit can be taxable depending on your combined income. The sequencing of other income can significantly affect how much of your benefit is taxed each year.

My CPA already handles taxes. Why do I need tax planning?

Your CPA prepares your return based on what happened. Tax planning determines what happens before it does. The two roles work best when they are coordinated, and we work directly with your CPA to make sure both sides of the picture are consistent.

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Tax Planning in Orlando & the Florida Panhandle

Tax Planning Is a Year-Round Strategy

The tax decisions that matter most happen throughout the year, long before April 15th. Roth conversions, withdrawal sequencing, Social Security taxation, and capital gains management all have windows that close if you miss them. At Strategic Planning Partners, we work with you to help identify and plan for those opportunities as they arise.

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What is Tax Planning?

Tax Planning Is More Than Filing a Return

Tax planning isn't about preparing your return. It's about making informed decisions that can affect your tax situation. Here's what that can include:

Roth Conversion Strategy: With a focus on required minimum distributions and potential tax strategies.
Tax-Efficient Withdrawal Sequencing: Which accounts to draw from first, in what order, and how the sequence affects your tax situation over time.
Social Security Taxation: How much of your benefit is taxable and how income from other sources affects that percentage year by year.
Capital Gains Management: Timing the realization of gains and its potential impact before and during retirement.
Business Owner Tax Efficiency: Structuring owner compensation, retirement plan contributions, and business expenses with a focus on overall tax efficiency.

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Tax Prep Vs. Tax Planning

Tax Prep Looks Back.
We Look Forward.

Your tax return reflects financial decisions that have already been made. Tax planning focuses on evaluating decisions and their potential tax implications before they are implemented. The two are complementary but serve different purposes.

At Strategic Planning Partners, we focus on forward-looking strategy—such as which accounts to draw from, when to consider conversions, and how income strategies may impact overall tax efficiency over time. We work with you to review tax-related decisions in the context of your overall financial situation.

When you work with a CPA or tax professional, we coordinate with them to help promote consistency across your broader tax and financial strategy.

The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.

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Frequently Asked Questions

Still Have a Question?

Reach out and one of our advisors will be happy to talk it through with you.

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Tax Planning Happens All Year

The right decisions at the right time can make a significant difference. Let's figure out what that looks like for you.

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