Tax Planning Services, Minnesota
How Does Sona Add Value?
Tax Planning Includes:
- Asset Location (not to be confused with asset allocation)
- Retirement & College Distribution Planning
- Use of Muni Bonds
- HSAs (Health Savings Accounts)
- HRAs (Health Reimbursement Arrangements)
- Capital Gains & Tax-Loss Harvesting
- SMAs (Separately Managed Accounts - Tax-Loss Harvesting)
- Back-Door Roth IRAs
- Roth Conversions
- Mega Back-Door Roth 401ks
- Roth vs. Traditional Recommendations
- Charitable Giving
- Charitable Gift Annuity (CGA)
- Qualified Charitable Distribution (QCD)
- Qualified Longevity Annuity Contract (QLAC)
- Donor Advised Fund (DAF)
3-Lane Value Proposition
Do you have a single-lane advisor?
Every client’s financial journey is unique. Sona’s goal is to make this journey well-balanced and purposeful by aligning the client's resources with their needs, values, and goals.
To do this, we don't stick to just one lane of your complex financial road like most advisors; we use all three.
The goal should not be to just defer taxes but to pay less lifetime tax -- at least be aware of the tradeoffs. This can't be done unless you combine tax management with investment management and financial planning.
#1
Ongoing Investment Management
Including 401(k)s, Traditional IRAs, Roth IRA's, 529 Plans, and non-qualified accounts.
#2
"What-If"
Financial & Retirement Planning
The process of determining how best an individual or family can meet their goals through the proper management of financial resources. Including making the most of Social Security and Medicare.
#3
Tax Management & Retirement Distribution Planning
Including IRA and Pension Distribution and Legacy and Estate Planning
