Spring: Tax Planning & Insurance Optimization
Why This Season Matters
With tax season freshly behind us, Spring is a good time to review strategies to improve your tax situation for the future.
Next, we focus on the defense of your financial plan: insurance optimization. As the foundation of your financial house, proper insurance coverage helps protect everything you've worked so hard to build.
I put this together because these two areas — taxes and insurance — are where small decisions today prevent big regrets decades from now.
What You'll Walk Away With
A clear view of the tax strategies that can reduce your lifetime tax bill — not just this year's.
Confidence that your insurance portfolio is properly & adequately protecting what matters most.
A clear list of specific actions — which policies to update and which tax moves to make this year.
Tax Planning Topics
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Review your prior year's return through Holistiplan
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Review your Schwab tax documents
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Discuss appropriate tax shelters for you
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Tax loss harvesting opportunities
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Asset location across your accounts
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Capital gains budgeting
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Roth conversion strategy
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Qualified Charitable Distributions (QCDs)
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Equity compensation strategies
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Business tax strategies
Insurance Topics
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Review your life insurance coverage
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Review your disability insurance
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Review your long-term care planning
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Review your health insurance and benefits
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Review your property & casualty (P&C) coverage
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Review beneficiary designations across all policies
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Explore business insurance strategies
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Identify gaps, eliminate redundancies, and determine whether additional coverage is warranted.
The Big Idea This Season
" There are two quiet ways wealth slips away. The first is the taxes you didn't plan for. The second — and just as real — is the insurance coverage you never updated. Neither feels urgent until it is. My goal this season is to help you tighten both — so the wealth you've built stays with you and the people you love."
Questions to Think About Before We Meet
When was the last time you actually reviewed your tax return — not just signed and filed it?
When it comes to taxes, do you feel like you're always looking in the rearview mirror instead of planning ahead?
If your income changed significantly next year — up or down — do you have a plan for what that means tax-wise?
When was the last time anyone reviewed your life, disability, or long-term care coverage with you?
If your family had to rely on your insurance coverage tomorrow, would it be enough to meet their needs?
Are you paying for insurance protection you no longer need — or missing protection you never had?
How to Prepare
Prior Year's Tax Returns
Your most recent federal & state return (the 1040 with all schedules).
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Life, Disability, & Long-Term Care Insurance Statements
Most recent statements for each policy showing current values, premiums, and benefits.
In-Force Illustrations (Life Insurance & Hybrid Long-Term Care Insurance)
Request an in-force illustration from your carrier for any permanent life insurance or hybrid long-term care policy. These reports help evaluate how your coverage is projected to perform based on current assumptions.
Property & Casualty Insurance Declarations Pages
Please provide the declaration pages for your home, auto, and umbrella policies. These summary pages outline your coverage limits, deductibles, and premiums.
Summary of Benefits and Coverage (Health Insurance)
This document outlines your health plan's key benefits, costs, and coverage details. It is typically available through your employer's HR department or your insurance carrier's online portal.
Tools & Resources Powering This Season
Here are the tools we use to power your financial plan.
Holistiplan performs a tax return analysis that identifies planning opportunities based on your prior year's tax return.
Charles Schwab is your custodian — providing consolidated tax documents and year-end reporting.
RightCapital is your comprehensive financial planning platform — built around your goals.
Rodney is a nationally recognized specialist in life, disability, and long-term care insurance with more than 20 years of experience. We collaborate on every case to help ensure clients receive thoughtful, objective guidance tailored to their coverage needs.
