What is it?
Tax Bracket Management is organizing your facts to pay less tax.
The Tax Bracket Manager is a tax planning calculator. It’s a the ideal retirement tax planning calculator. Anyone generating cash flow from their assets needs to manage their tax brackets.
Most tax planning software hides your tax brackets. You’re left guessing how close you are to the next tax bracket. This wastes time and money.
Tax bracket management is the 80-20 rule of tax planning. The Tax Bracket Manager identifies what’s important for cash flow focused taxpayers and makes it the priority.
Tax planning is a giant puzzle. You start with your set of facts. You strategically connect those facts to pay the least amount of tax.
I’ve used some of the biggest tax planning software options. They require such specific detail that it would take at least 60 minutes to run a projection and make a decision.
The Tax Bracket Manager is designed to help you and your tax preparer make a decision in under 30 minutes. They could also do it with you in the room or through Zoom!
Can you imagine how much less you could pay for the same decision? Can you imagine how much better the client experience would be?
Here are some of the best uses of the Tax Bracket Manager:
- Capital gain management – Gain and Loss Harvesting
- Contributing to a Traditional IRA/401k at high brackets
- Contributing to a Roth IRA/401k at low brackets
- Maximizing your charitable deduction
Who should use the Tax Bracket Manager?
The Tax Bracket Manager focuses on FEDERAL tax brackets.
Federal tax bracket management is the 80/20 of smart tax planning. If you get your federal tax brackets right, your state tax will benefit too.
Here are a few examples of who should use this calculator:
- The retiree who is living off their investment portfolio and doesn’t want to lose their wealth taxes!
- The typical profile will have a mix of pre-tax, post-tax, and tax-free assets.
- If you have multiple complex investments you may need help from a professional to see the full value of the calculator.
- The working professional and young families
- How do I stay under $150,000 of AGI?
- What’s my tax savings from a regular 401k versus Roth 401k?
- Tax and financial advisors who want to run a quick calculation
- Roth Conversion planning
- Tax-efficient Charitable giving
- Capital gain/loss harvesting
- General tax bracket management decisions
Happy Tax Planning!
