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Taking on Tax Time

Brought to you by D. Linette Dobbins, CFP - McGee Wealth Management - FINANCIAL INSIDER -

MCGEE WEALTH MANAGEMENT - D. Linette DobbinsUnless you can file a simple 1040EZ form, tax season is probably your least favorite time of the year. Over time, financial successes and shortfalls can complicate our tax record keeping. This can be especially true when we make major purchases or sales, begin or end a business, pass assets on to individuals or organizations, or if errors were made in previous filings.

While most people aren't looking forward to tax season, there are steps we can take to make tax filings less stressful. As financial advisors, we help our clients make decisions throughout the year that can result in better outcomes once tax time rolls around. Sometimes, in our consultations, we can spot opportunities that were lost because the client didn't seek advice before making a financial or lifestyle decision. The actions taken at the inopportune time, or in a less than optimal manner, can have a greater impact than we might think.

We recommend that you consult your financial advisor before:

  • Making a major purchase or sale
  • Selling or transferring a business
  • Giving a large cash gift to a family member or friend
  • Planning for a large donation to a community organization or cause
  • Exercising stock options or initiating retirement
  • Advisors at McGee Wealth Management make themselves available by phone, email, in-person, or Skype, whenever our clients need to consult. While we understand that investment performance is key to asset building, our planning-centric approach can better lead to long-term financial and lifestyle success. In addition, we work with our clients' tax and legal advisors to enable your advisory team to get a full financial picture.

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    Since 1988, Linette Dobbins, CFP®, has been a driving force behind the success of McGee Wealth Management, Inc., and a Registered Investment Advisor, helping develop the business into one of Oregon's leading wealth management firms. Learn more about Linette Dobbins at the McGee Wealth Management website: www.mcgeewm.com

    www.McGeeWM.com

    12455 SW 68th Ave.

    Portland, Oregon 97223

    (503) 597-2222

    D. Linette Dobbins, CFP® is a Wealth Manager, President, and Co-Branch Manager of McGee Wealth Management, Inc, offering securities through Raymond James Financial Services, Inc. Member FINRA/SIPC. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of D. Linette Dobbins. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. Prior to making an investment decision, please consult with your financial advisor about your individual situation.