Reptax Financial is a completely independent firm with access to a universe of strategies from dozens of different financial institutions. For real estate professionals, solopreneurs, entrepreneurs, business owners, and people getting closer to retirement, Reptax Financial is your ‘one-stop shop’ that can help you implement financial solutions as well as tax strategies that can potentially increase your net worth now and in the future. In fact, we customize our approach based on your goals and your situation.
Minimizing Your Tax Burden
Our sister company, Reptax Professionals, works in tandem with us to help you minimize your tax burden now and in the future. We can help you examine the tax ramifications of your investments, see if a plan like a Solo 401(k) can help you save retirement funds while saving money on taxes, and assess the potential advantage of doing a series of Roth conversions or a Backdoor Roth prior to your retirement. It’s not just how much you earn, it’s how much you keep after taxes.
Taxes for Real Estate Professionals
There are special designations and tax laws that may apply to you if you are a real estate professional, and Reptax can help you take advantage of these by providing tax preparation services along with other financial strategies that can help you now and in the future. We even help you think outside the box to implement strategies like hiring your children to help you perform age-appropriate duties.
Retirement Means Spending Down Your Assets
When you decide to retire, instead of saving money every month, you’ll be spending your savings to live on. We can help you create a withdrawal strategy to harvest your assets and create tax-efficient monthly income. If you are an entrepreneur or self-employed, we can help you build your own retirement nest egg using strategies that make sense for your situation.
Uses for Life Insurance and Annuities
Permanent life insurance policies can help you leave a tax-advantaged legacy to your heirs, fund college expenses, provide long-term care insurance options, and potentially allow you to borrow tax-free retirement income as long as your policy remains in force. Annuities, like fixed indexed annuities, can provide you with monthly retirement income that lasts as long as you live, guaranteed by the financial strength of the insurance company providing it. As an independent firm, we will help you explore and compare between your many dozens of options.
Services at Reptax
Reptax offers clients a full-service accounting, tax, and financial experience in a ‘one-stop shop’ approach. We offer a large range of services that can be scaled up or down to meet the needs of entrepreneurs, solopreneurs, as well as individuals and couples who want to plan for retirement. Here are just some of the services we can provide.
Retirement & Income Planning
Planning early can give you the best chance of retiring and staying retired while living your desired lifestyle. We help you with tax-efficient distribution and retirement income planning, and we stay by your side for life. For those with fluctuating income, it may be even more important to plan ahead for lifetime retirement income later.
Tax Planning & Tax Preparation
We offer both sides of the financial equation—tax returns and a wide range of financial instruments—to help you protect and grow your wealth. We’ll help you find ways to potentially save on taxes now, as well as looking to your future during retirement. Real estate professionals in particular have special tax designations and rules that we can help with.
Trusts & Tax-Advantaged Estate Planning
If you have a family and/or assets, you need an estate plan. We work with estate attorneys to help you pass on a tax-advantaged legacy to your heirs and/or charities, documenting your desires for a stress-free transfer of wealth which can potentially bypass probate.
Harvesting Assets/ Withdrawal Planning
If you have a large amount of assets saved in taxable accounts like traditional 401(k)s or IRAs, you may have less money for retirement than you thought. By working in advance, we can help you consider Roth conversions or other strategies with the goal of achieving tax efficiencies.
401(k) Rollovers
If you have reached age 59-1/2, you may be able to do an in-service rollover while you’re still working. And if you have a 401(k) at an old company, you can roll that money over to your own account and potentially do more with it. At retirement, it’s important to look at the entire picture to assess what might be best in your particular situation.
Risk Management & Insurance Strategies
As part of a complete plan, we recommend that the risk of potential adverse life events be planned for. If worst-case scenarios never happen, fantastic. If it does, you have shifted financial risk away from your loved ones over to insurance companies created for just that purpose.
