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Tax

 

In the media world getting a big check is nice, but keeping more of it is awesome! Smart tax planning ensures that you have more dollars to spend or save towards your financial goals. With Media Wealth's Tax Counsel service,* we are available to help answer your questions and provide tailored solutions.

 

ASSET LOCATION

Understanding the tax treatment of different account types and investments is important. Retirement accounts offer tax deferral and are best suited to hold investments with high rates of return or non-qualified dividends. Taxable brokerage accounts are best for capital gain eligible stocks and tax-free municipal bonds. Our portfolios are designed to maximize after-tax returns by optimizing for asset location.

TAX-EFFICIENT INVESTMENTS

Our portfolios use ETFs to give you more control over the timing of your tax liabilities. Unlike traditional mutual funds which distribute capital gains (when other investors sell), ETFs allow you to defer capital gains and compound your returns. We also offer tax-free income by investing in municipal bonds.

CHARITABLE DEDUCTION

Donating highly appreciated investments to a Donor Advised Fund provides a charitable income tax deduction and allows you to avoid capital gains tax on the sale of the investment.

TAX LOSS HARVESTING

Our investment strategy can generate tax credits during market declines to help reduce your tax liabilities.

TAX ADVANTAGED ACCOUNTS

Contributing pre-tax dollars to a retirement account allows you to compound your wealth at a higher rate and helps lower your tax bill. We can also consider contributing after-tax dollars to a Roth account for tax-free growth.

*Tax Counsel Service - There may be additional costs depending on the scope of the project based on the asset level in your managed account(s). We love adding extra return to your investments and building long term wealth through smart tax saving strategies. Our staff of CPAs (Certified Public Accountants) are available to help you understand the tax code, opportunities to save and better protect your assets. Contact us for any questions

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