TAX PLANNING CHECKLIST

^{By Louis Green, CFA®, CFP®, CRPS®}

Tax Planning Checklist

• Review your last tax return.

• What is your marginal tax rate?

• Do you have carry-forward losses?

• What was the ratio of short-term to long-term capital gains realized?

• Analyze your tax return to identify strategies that might minimize your tax bill.

• Look for tax loss harvesting opportunities in your portfolio.

• Evaluate asset location to determine if all your holdings are in the appropriate accounts.

• Make sure to take the required minimum distribution before year-end.

• Consider a Roth conversion to potentially reduce future tax liabilities.

• Explore tax-efficient vehicles such as donor-advised funds, charitable trusts, and qualified charitable distributions.

• Create a retirement distribution plan to optimize the taxes you pay on your annual distributions.

• Revisit the option of making a qualified charitable distribution from your IRA if you don’t need all your required minimum distribution and are concerned about taxes.

• Consider a 529 rollover to a Roth IRA if you do not need the funds for educational purposes.

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