Year-end is an opportune time for tax planning: you still have time to act, and many 2025 opportunities remain available. It is also simply good practice to review financial matters regularly.
Our paper (pdf) has a brief checklist aimed at accredited and high-net-worth investors. These items are provided for general awareness only; they are not professional tax advice and may not apply to your situation. Use them as a prompt to identify topics worth addressing before year-end, and consult your tax advisor before action. (A more detailed checklist is available upon request).
Much of the work we do as investment advisors carries tax implications—particularly for clients with substantial portfolios who are approaching or in retirement. Investment income and portfolio activity drive a significant share of what ultimately appears on a tax return.
While we are not tax advisors, we work extensively with the investment variables that affect taxes and often see the relevant data before your CPA does. For example, we can:
• Estimate portfolio income, including dividends and realized gains
• Flag uncovered securities that may require cost-basis documentation
• Evaluate the use of capital-loss carryforwards
• Monitor exposure to the 3.8% net investment income tax
• Support timing decisions around contributions to tax-deferred accounts
• Coordinate investment actions with broader tax considerations
• Help retirees plan their required minimum distributions (RMDs) and make informed Social Security claiming decisions.
This visibility often allows us to collaborate proactively with clients ahead of year-end to help manage their overall tax liability.