Tax planning:Navigate your taxes with confidence.
With a Facet membership, we’ll walk alongside you, providing the guidance you need to maximize your tax strategies.
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Tax strategies to help keep more of what’s yours
Taxes can put a damper on many areas of your financial life. Facet uses three tools to minimize their impact on your money while maximizing what you keep.
Tax-smart investing
Invest in thoughtfully chosen ETFs to help minimize taxes on your earnings. This helps to keep more money working for you in the long run.
Offsetting gains
By strategically selling some investments at a loss, you can offset past gains. This can help you keep more of your hard-earned money.
Tax-advantages as you invest
Utilize proven methods like IRAs, 401(k)s, Roth accounts, and municipal bond funds that offer tax benefits.
Here's what's included.
Learn about taxes and how they apply to your finances.
Uncover tax strategies available to you based on IRS rules and regulations.
Extensive scan to determine qualification for credits and deductions.
Identify new ways to invest your money to reduce taxes today.
Maximize your education savings via state-specific 529 plan account recommendations.
Cash-flow saving recommendations using best-practice strategies.
Cash-flow saving recommendations using custom tax-bracket analysis and advanced strategy.
Analyze last year’s tax return for missed tax opportunities that could still be claimed.
Adjust your withholdings to reduce the risk of over or underpayment based on your tax optimized strategy.
Balance tax strategy trade offs as life changes.
Boost your cash flow now, reach your goals sooner, or solve for lifetime tax reduction via tax strategy trade offs.
Determine how you can reduce taxes owed on current accounts.
Offset gains by harvesting tax losses in your taxable accounts.
Diversify your taxable accounts using best practice strategies.
Diversify your taxable accounts using custom analysis and advanced strategy.
Recommendations for tax-free growth over your lifetime by converting pre-tax funds to Roth using best-practice strategies.
Roth conversion sequencing using custom analysis and advanced strategy.
Optimize your savings when taking money out.
Cover your retirement needs via Facet’s pro-rata or qualified first withdrawal strategies.
Customized withdrawal strategy to maximize retirement savings.
How a Facet memberships work.
Our flat-fee membership model means no commissions
Support from a team of CFP® professionals and experts.
Secure, industry-leading technology to manage and organize your entire financial life in one place.
Exclusive partner offers that complement your financial outcomes.
“We feel more empowered navigating our finances, more than we ever have. Facet’s dashboard keeps us organized and gives us a clear understanding of where we’re tracking with our goals, budget, and more. Very user friendly.”
Hanna
New York
Alyssa
“I’ve always just sort of felt really uncomfortable with like opening bills, looking at my bank account, and I end up just kind of ignoring the problem until it gets problematic. With Facet it has been such a relief for me”
Jonathan
“The fee structure is probably the other biggest thing that sent me to Facet and it’s made me very happy with Facet. It puts us at an equal footing with anybody else. It’s not about how much money I have managed by Facet. It’s about us as a client…and as we grow our finances, the attention we get is not gonna change. We’re still a client paying for our Facet services with a fee structure that supports us as just a couple, not as a set of assets.”
Sarah & Michael D
North Carolina
Frequently asked questions.
What is tax planning, and why is it important?
Tax planning means looking ahead at your financial decisions to help you save on taxes throughout the year — not just at tax time. A tax advisor can help you make smarter choices about your money while making sure you’re following all the tax rules.
With tax planning, you have a professional in your corner who knows everything about the tax code so you don’t have to. They can help you find opportunities to save money you might miss on your own, whether through deductions, credits, or timing your income and expenses just right.
Want to see how our team approaches this? Check out our investment philosophy, or get started with a personalized plan today.
Is tax planning only for high earners?
No way! Whether you’re making six figures or just starting your career, tax planning services can help you keep more of your hard-earned money. A solid tax strategy can benefit anyone who wants to be smarter about their finances.
Even saving a few hundred dollars in taxes each year adds up over time — that’s money you could invest, save, or use for something important to you.
Not sure where you stand? Take our quick financial wellness quiz to find out.
What changes in my life should prompt a tax strategy review?
Lots of life changes can affect your taxes. Here are the big ones:
- Getting married or divorced
- Having a baby or helping out aging parents
- Buying or selling your home
- Switching jobs or getting a promotion
- Starting a business
- Getting an inheritance
- Moving to a new state
Each of these situations might mean you need to adjust your tax approach. A financial advisor for taxes can help you manage these changes and find opportunities to save. Plus, they can help you plan ahead so you’re never caught off guard by unexpected taxes.
If you’re running a business, our guide to small business tax has some helpful pointers.
Can a tax advisor help with retirement savings?
Your tax advisor can help you make smart choices about retirement savings that could save you money both now and later. They’ll help you figure out:
- Whether to go with a traditional or Roth IRA (it’s not one-size-fits-all)
- How much to put in your 401(k)
- Where to keep different types of investments to make the most of tax advantages
- When to take money out of retirement accounts to minimize taxes
- How Social Security affects your taxes (yep, it might be taxable)
- Ways to reduce taxes when you’re actually retired
Want to learn more? Check out our retirement planning page for the full scoop.
Can a tax advisor planning help with estate planning?
A good tax advisor can help make sure more of your money goes to your loved ones instead of taxes. They can help with things like:
- Finding smart ways to give money to family without triggering gift taxes
- Managing trusts to protect your assets
- Making charitable donations work harder for your tax situation
- Planning what happens to your business when you retire
- Using life insurance effectively as part of your overall strategy
- Timing distributions to minimize tax impact
Understanding inheritance tax is important if you want to pass on wealth to your family. We suggest pairing this with solid insurance planning to protect everything you’ve built. Working with a tax advisor now can save your family from headaches later.