Tax Strategies
We’re Specialists in Tax Planning Solutions
With the tax landscape changing frequently as rates, limits, and thresholds adjust, the team at Kojak Capital has the specialized knowledge to show you how taxes impact your overall financial situation. We are committed to helping you feel more confident and in control of your financial life.
Max-Funded 401(k) Plans for Business Owners
It’s easy to overlook your retirement while handling the day-to-day challenges of running a business. A 401(k) plan enables business owners to invest in their future by making contributions that are tax-deferred until withdrawn, helping to build a solid nest egg. We’ll help you take full advantage of the tax-saving benefits available when you max out your 401(k) plan.
Cash Balance Defined Benefit Plans
A cash balance plan is a type of defined benefit plan that operates differently than other types of retirement plans, like 401(k) profit-sharing plans or traditional defined benefit plans. It is a plan in which an employee’s pension payments are calculated according to the length of service and the salary earned at the time of retirement. Most plans are established for the primary benefit of the owners or executives of a company. We can show you how to use these plans to help reduce your taxable income.
Tax-Loss Harvesting
With more than 17 years of active tax management, creating higher overall wealth for taxable investors by tax-loss harvesting and capital gain management is our specialty at Kojak Capital. Without tax management of their investments, our clients would realize a tax drag that could hurt their wealth accumulation, compounding over time. We actively manage portfolios throughout the year, seeking attractive after-tax returns while managing active risk.
Tax-Efficient Investing
Taxes can take a big bite out of your investment returns. With proper tax-efficient investing, we can help minimize your tax burden and maximize your bottom line — whether you want to save for retirement or generate cash. We believe that tax-efficient investing becomes all the more important when your tax bracket is higher.
Backdoor Roth IRAs
If your income is too high to contribute to a Roth IRA, there's another route you can take. A Roth IRA can be off limits for many higher-income earners, thanks to strict income caps on contributions to these accounts. However, with a Backdoor Roth IRA, we can open a traditional IRA, make your desired contribution, and then, at a later date, convert the funds to a Roth IRA. We can work with you to help determine if this method is right for you.
Deferred Compensation
Deferred compensation is an addition to an employee's regular compensation that is set aside to be paid at a later date. In most cases, taxes on this income are deferred until it is paid out. There are many forms of deferred compensation, including retirement plans, pension plans, and stock-option plans. We’ll help you find the best approach for your specific situation.
College 529 Plans
The income tax benefits offered by 529 plans make these vehicles attractive to parents and others who are saving for college or K-12 tuition. Qualified withdrawals from a 529 plan are tax-free at the federal level, and some states also offer tax breaks to their residents. We can help you evaluate the federal and state tax consequences of plan withdrawals and contributions when considering the benefits of a 529 plan.
This information is for educational purposes only. It is not intended to provide, and should not be relied on for, any tax, legal or investment advice. Please consult with your tax, legal or financial advisor prior to making any decision based on any specific information contained herein.
Open Yourself Up to the Possibilities
The Kojak Capital team has the skills and experience to guide you through the ins and outs of sound, goals-based planning to help build your wealth.