Integrating Taxes into Every Layer of Your Financial Plan
At Frank and Flanagan, we believe financial planning without tax integration is like a house without insulation—functional, but inefficient, exposed, and short-sighted.
Taxes matter. They’re not just a springtime headache or a footnote on your brokerage statement. They are a pervasive force, shaping how your wealth grows, how your income flows, and what legacy you leave behind. And yet, too often, tax planning is siloed—treated as a reactive task for your accountant rather than a proactive component of your financial strategy.
We do it differently. We help you integrate tax considerations into every decision—because the right planning today creates more freedom tomorrow.
Bringing Clarity to Complexity: What We Help You Navigate
We regularly walk clients through questions like these, where the nuances matter, and the outcomes ripple across decades:
Account diversification during retirement.
Which investments to give to charity and when and how to give them (donor advised fund, CRUT, etc.).
How best to deal with concentrated, low-basis holdings or employee stock options.
Where do you locate which investments during the accumulation phase? Which investments should be held in taxable accounts, retirement accounts, ROTH IRAs,
529 plans, annuities, cash value insurance, 401k, 403b, various trust accounts, etc.
Optimal draw-down strategies during the de-cumulation phase – which accounts to draw-down at what time – which assets to pass to heirs if step-up in basis potential.
Debt – Mortgage: pay off or not? Margin account?
ROTH conversion strategies – annual optimal amounts.
Optimal retirement contributions – qualified and non-qualified.
Intra-family transfers.
Schedule D planning – capital loss carryover utilization.
Required minimum distribution strategies?
Tax ramifications of mutual funds versus ETFs, LPs, Variable Annuities, Separately Managed Accounts, etc.
Loss harvesting, gain harvesting, managing capital gain distributions, kiddie tax.
How to max low tax bracket opportunity for those between retirement and RMD age 73
Current federal and state tax laws and future laws
A Planning Philosophy
Tax planning isn't a one-time event, it’s a lens we use in every conversation. From choosing the right investment vehicle to designing your income in retirement, we make sure tax considerations are woven into the plan.