Murfreesboro, Tennessee – SFA Wealth Management, a Tennessee-based retirement planning, and tax advisory firm, announced that it is launching a new wealth management platform that will leverage personalized strategies to deliver its clients a tax-free retirement. SFA Wealth Management is one of the fastest-growing boutique wealth management firms in middle Tennessee. The firm has been able to successfully design a platform that brings AUM, Social Security, Medicare, Tax, and Income Planning under one roof.
Nothing is simple when it comes to retirement and tax planning. For instance, first, a taxpayer has to consider their marginal tax rate. It is the standard rate a person pays on their next dollar of “ordinary income,” including salary, and business income, among others. Then there is the AMT (alternative minimum tax), which ensures that wealthy taxpayers who have “excessive” deductions pay some income tax.
Taxpayers also have to consider the various tax credits and deductions that could save their taxes. In contrast, income-based phaseouts as well as other limits, are likely to reduce or even eliminate the benefits of these tax breaks, increasing a taxpayer’s marginal tax rate.
Also, the changes in tax legislation and the uncertainty in the markets can make things more complicated for individuals. Moreover, the IRS postponed the tax filing deadline from April 15 to May 17. This is the new deadline for individual taxpayers in the US to file a 2020 Federal income tax return as well as pay the 2020 Federal income tax due.
That is why, regardless of their situation, it is crucial for taxpayers to review their income, various expenses, and potential tax liability during the year, taking into account the many tax rates and limits that may impact income tax liability while keeping a close eye out for any additional changes in tax laws. Only then can a taxpayer time income and expenses to their advantage and minimize their tax liability.
One of the most important and beneficial areas of expertise SFA Wealth Management offers to their clients is retirement tax planning. With experienced and savvy tax experts on the team and regular monitoring and evaluation of the potential tax implications on various investments, the firm provides a comprehensive and tax-inclusive approach to financial planning and wealth management. This limits their clients’ tax liability and provides efficient and effective investing as they work to meet their various financial goals and objectives.
“Tax efficiency and financial planning go hand-in-hand. Whether you are looking to save for retirement or would like to improve and enhance your income tax situation, our professionals can create a customized and effective plan for you. The cutting-edge technology that underlies our new Wealth Management Platform helps eliminate the disparate technology infrastructure that often prevents many financial advisors from seamlessly delivering their tax and investment advice to clients. This platform distills our several years of experience into a flexible and intuitive solution,” said Larry D Roby, CEO, and Principal of SFA Wealth Management.
About SFA Wealth Management
SFA Wealth Management is an advisory firm specializing in income planning, wealth transfer, tax strategy, Social Security maximization, and wealth management. The firm focuses primarily on serving the pre and post-retiree marketplace with an emphasis on safe money strategies.
The firm and its financial professionals are committed to helping people create customized solutions for their various retirement assets. Once they understand a client’s time horizon, risk tolerance, and goals, they work diligently and prudently to develop a tailored program to carefully balance investment strategies with preserving principal.
Investment Advisory Services offered through Brookstone Capital Management, LLC, (BCM) a Registered Investment Advisor. SFA Wealth Management and BCM are independent of each other.