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Reduce Your Tax Burden

As you approach retirement, you may wonder how taxes are going to affect your investment and income. Guardian Financial Management in Lewisville, Texas, offers tax planning as well as legitimate tax strategies to help you get the most out of your investment.


Financial Adviser

Tax Minimization Strategies

Investing in or purchasing a tax-deferred vehicle means your money can compound interest for years. Free from income taxes, your investment has the potential to earn interest at a faster rate. It is important to note that few financial vehicles avoid taxes altogether. Insurance products, for example, only allow you to defer paying them until retirement when you may be in a lower tax bracket.

Please note that withdrawals will reduce the contract value and the value of any protection benefits. Additional withdrawals taken within the contract withdrawal charge schedule will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59-1/2, may be subject to a 10-percent additional federal tax.


Charitable Giving

Donating to your favorite charity not only helps you make a difference in your community, but it also presents a unique tax opportunity that can provide multiple tax breaks. With changes in the tax environment, there may be compelling reasons to integrate philanthropy into your financial and estate planning, including income tax reduction, avoidance of capital gains on highly appreciated assets, and the reduction or elimination of estate taxes on the charitable contribution upon your death. Our team is more than happy to refer you to a qualified professional to help you decide if this is a good option for you.