Real Clients, Real Solutions
At Taylor Financial Group, our goal is to help you reach your goals — no matter the situation. And trust us, we’ve seen it all. Explore a few of the sophisticated solutions we’ve offered to real clients who came to us for our expertise.
Real Clients, Real Solutions
At Taylor Financial Group, our goal is to help you reach your goals — no matter the situation. And trust us, we’ve seen it all. Explore a few of the sophisticated solutions we’ve offered to real clients who came to us for our expertise.
Estate Planning
Advanced solutions for one couples’ complicated situation
These clients’ portfolio heavily leaned on a single stock, and they had overlooked vital tax and estate planning. We assembled a dedicated team, including an estate planning attorney and a tax expert. The husband was of an advanced age, so we implemented estate planning measures. Our collaborative efforts yielded significant income and estate tax planning, safeguarding the client’s cherished wishes and positioning them for a lasting legacy.
Women
Minimizing risk to optimize outcomes
We were approached by a recently widowed client who was overwhelmed and unprepared following the passing of her husband. She had received little to no guidance from her previous advisor and tax preparer. She was unaware of crucial financial obligations, such as the need to file for portability and the need to take year-of-death required minimum distribution (RMD) from her late husband’s retirement accounts. Adding to her distress, she was heavily invested in a single biotech stock that had plummeted in value. We immediately stepped in, helping her navigate the RMD process and strategically diversifying her portfolio, mitigating further losses and setting the stage for a more secure financial future. Our client has been so satisfied with our services that she has referred her sister and close friends to us.
Complex Tax Planning
Driving down lifetime taxes
A couple in their late 60s entrusted us with their financial hopes: to drive down taxes and provide for the family. They had Traditional IRAs and a taxable account, yet no Roth IRAs. With precision and empathy, we harnessed advanced tax planning to chart a multi-year Roth conversion path. We plotted out portfolio growth and potential taxes for the next 20 years, and then devised a strategy to drive down those lifetime taxes.
Retirement Distribution Planning
Converting RMD stress into tax savings
Retired and in their mid-60s, these clients needed a comprehensive long-term distribution and Roth conversion plan created after reaching retirement with substantial assets in a traditional IRA. The conversion strategy had to be customized and innovative to avoid major tax issues upon their first Required Minimum Distribution (RMD) and to best benefit their desired legacy.