ShankerValleau 360°- Build & Preserve Your Wealth with Year-Round Tax Planning
By now you’ve signed your 2021 tax returns (or put them on extension) and breathed a sigh of relief that April 15th is behind you once again. While “tax season” may imply that there is an optimal time to think about your taxes, many taxpayers are best served by a year-round, tax-wise, financial plan. Whether you’re building, preserving, or spending your wealth, intentional tax-planning remains integral every step of the way. ShankerValleau provides a unique and powerful combination of financial planning and tax expertise, with both CFP® professionals and CPAs on our team. Tax planning is best considered an ongoing …
Superfunding a 529 College Savings Plan
At ShankerValleau, we frequently advise entire families; supporting each generation as they plan for the next. Wishes for the next generation may include jump starting a grandchild’s college savings or giving a meaningful gift to a cherished family member. But sometimes, an individual’s wish to gift to the younger generation is constricted by gift tax laws. While there are various tools available for making significant, tax efficient gifts, let’s focus on 529 college savings plans and the act of “Superfunding”. What is Superfunding? In 2021, the federal gift tax exclusion is $15,000. A person may give away up to $15,000 …
Charitable Giving – Understanding the Donor-Advised Fund
Many Americans want to give generously to the charities of their choice. We give to support the causes we cherish. We give because we’re grateful for the good fortune we’ve enjoyed. We give because it elevates us too. Good giving feels great – for donor and recipient alike. That said, a tax break can feel good too, and it may help you give more than you otherwise could. Enter the donor-advised fund (DAF) as a potential tool for continuing to give meaningfully and tax-efficiently under the current tax law. In the spirit of giving, ShankerValleau does not charge a fee …
Tax-Wise Financial Planning
ShankerValleau provides a unique and powerful combination of financial planning and tax services, with both CFP® professionals and CPAs on our team. Although it may seem a natural fit, few financial advisors are, or work closely with, CPAs. And this is surprising, because a strong, tax conscious financial plan is vital to a healthy financial life. Whether you’re building, preserving, or spending your wealth, tax-planning remains integral every step of the way. Each financial move you make can and should be leveraged for tax efficiencies. Better still, a seasoned tax-planning professional can combine these parts into an integrated whole as …
