M Financial on Money

M Financial on Money: Smart Money Management

Are you proactive with your tax planning

Get a jump on next year with a financial plan

Perhaps the main reason people get so anxious around tax time is that they’ve delayed so many important things: Like organizing their paperwork, contacting their accountant and taking advantage of opportunities that could lessen their tax burden. Either way, it’s possible your overall tax liability could have been lower. That’s where tax planning, which is a part of comprehensive financial planning, can help.

We have the knowledge and experience to help you develop effective tax season strategies with your tax advisor to ensure that you are positioned to:
• Pay only your fair share in taxes.
• Develop an effective overall strategy as you pursue your long-term financial goals.
• Align your investment selections with your total financial picture, including other personal savings, pending expenses (e.g., home purchase, your children’s college education) or your current debt.

Why is financial planning important?
One of the main benefits of having a financial plan is that it can help you balance competing financial priorities. A financial plan will clearly show how your financial goals are related. For example, you will see how saving for your children’s college education might impact your ability to save for retirement. Then you can use the information you’ve gleaned to decide how to prioritize your goals and implement specific strategies. Best of all, you’ll know that your financial life is headed in the right direction. That may give you more confidence at tax time.

The financial planning process
As you pull together documentation for filing your tax return, consider that it’s a great time to meet with a financial planning professional. They can help you:
• Develop a clear picture of your financial situation by reviewing your income, assets and liabilities, while also evaluating your insurance coverage, investment portfolio, tax exposure, and estate plan.
• Establish and prioritize financial goals and time frames for achieving these goals.
• Implement strategies that address your current financial weaknesses and build on your financial strengths.

Make an appointment to discuss your unique situation today. Contact M Financial Planning Services at (856) 810-7701 to discuss how the federal tax law affects your financial goals. With today’s complicated and ever-changing tax law, you can’t afford to ignore tax planning.

57 Maple Avenue Avenue, Marlton, NJ 08053

www.financial.us • www.CanIRetire.us


Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Financial Planning offered through M Financial Planning Services, a Registered Investment Advisor and separate entity from LPL Financial.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. No strategy assures success or protects against loss.