PlantechHub offers tools to help identify tax issues and navigate tax obligations associated with retirement investments and employment. The order of asset spend down is designed to distribute assets in a tax efficient manner based on investment asset type. Tax estimates are based on progressive federal and state tax rates and brackets and are updated each year.
Clients can change their state of residence multiple times and the tax estimates are impacted by the change. The estimated employment income calculation helps identify elections and methods to address issues with the current tax burden and budgetary concerns. The order of asset spend down is designed to distribute assets in a tax efficient manner based on investment asset type.
Metrics and charts are available to identify the current tax picture, identify undetected tax penalties, and observe the effects of required minimum distributions based on client planning choices.
The Roth Conversion Strategy is allows clients to convert traditional IRA’s or Employer Sponsored Plans to a Roth IRA. Clients can elect to do a single conversion or convert an account over a scheduled number of years today or in the future.