TAX ATTORNEY
WHAT IS TAX PLANNING?
RUSSELL FINANCIALS TAX PLANNING PRIMARILY FOCUSES ON SELECTION OF INVESTMENTS AND TYPES OF RETIREMENT PLANS
Tax Planning is the analysis of a Financial Situation or Plan from a tax perspective. The purpose of Tax Planning is to ensure Tax efficiency, with the elements of the Financial Plan working together in the most tax-efficient manner possible. Tax Planning is an important part of a financial plan, as reducing tax liability and maximizing eligibility to contribute to retirement plans are both crucial for success.
Tax Planning encompasses many different considerations, including the timing of income, purchases and other expenditures, the selection of investments and types of retirement plans; a persons age, filing status, sources of income, level of income, deductions, exclusions, credits and exemptions. Saving money on tax liability using a Retirement Plan is a very popular way to efficiently reduce your tax liability
Russel Financial Services Bridges the Gap
“Your Success is Our Success”
Combining Tax and Estate Planning
97% of stockbrokers & financial advisors, do not know the tax ramifications of their actions. 97% of Tax Professionals do not understand the retirement planning element of their business
Paying to much income tax
Losing money in Market Corrections
We at Russell Financial Services Protect You from That
Tax Planning combined with Estate, Retirement and Financial Planning, improve your chances of achieving your goals significantly, and allow for financial independence. Your success rate is extremely higher than those who do not plan around all of these facets of the Financial World.
It is no longer enough to handle just Tax Preparation. All facets of the Financial World affect each other. If your Tax Adviser is not licensed, or experienced in Retirement and Estate Planning, as well, you could be in serious trouble.
If your current Financial Adviser does not offer Tax Advice, you could be in serious trouble. If your current Financial Adviser is a stockbroker, who is most likely an “Investment Advisor” disguised as a Financial Adviser, you could be in serious trouble. If your current Financial Adviser is a friend from college, or a friend of the family, maybe someone your Father, or Grandfather used, you could be in serious trouble
Russell Financial Services | Retirement Planning | Lottery Winnings
The bottom line is “TAX PLANNING” protects your bottom line. The less money you spend on taxes, the more you have to spend on yourself, or leave as an inheritance. I meet with my business tax clients either monthly, or quarterly to ensure they pay as little to the IRS as possible. With the tax savings we create Retirement Plans that provide for tax deferral of income and mitigate tax liability due. We keep the hard earned money in the clients “pocket”, if you will. Continuity is important. We’ve saved you money, we now invest that money, and are able to follow it more closely, and allow the benefits to continue, and your accumulation of wealth to grow uninterrupted.
Our company also amends Tax returns all the time, that were not prepared correctly, saving our clients hundreds of thousands of dollars in the process
There is a huge misconception people have that goes like this “I will reach an age where filing taxes is no longer required”. This is absolutely not true. Do not let anyone tell you this, ever. I offer a service to my elderly clients that takes 10 minutes. If they do not file, and for some reasor have even a small tax liability due, that will grow in leaps and bounds with penalties, late filing, failure to file, failure to pay, etc. The IRS is ruthless, and “IGNORANCE OF THE LAW, IS NO EXCUSE”





