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Throwback: Roth Conversions [Episode 248]
The Perfect RIA
How to Set the Stage for Tax Tolerance
Setting the stage for tax tolerance involves a crucial approach where investments that generate taxes should also be responsible for paying the tax bills. This strategy helps clients feel assured that their cash flow won't be impacted to cover tax liabilities. By proactively setting money aside for taxes in a separate account and informing clients about upcoming tax obligations before meeting with their CPA, advisors can effectively communicate and manage the client's tax expectations. Such an approach not only reassures the clients but also helps in building trust and credibility in the advisor-client relationship.
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