2021 Year-End Tax Checklist

Every year, our firm receives new clients looking for assistance with retirement planning that haven't been getting much more from their previous advisor than a portfolio of investments. Too often, we're starting from square one in helping them understand all of the additional elements that a comprehensive retirement plan should include. Unsurprisingly, a tax strategy is one of the most frequent and critical issues we deal with throughout that process. Failure to create a tax-efficient strategy can significantly impede your savings efforts and even delay your retirement. Our team of tax specialists includes an in-house CPA to formulate the most advanced strategies available under current tax law. As a result, we've helped hundreds of families to keep as much of their money out of Uncle Sam’s pocket as possible over the years.

"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. Nobody owes a patriotic duty to pay more than the law demands." -Judge Learned Hand

The RGWM tax philosophy is that it’s not just about what you make, it’s about what you keep. Our goal is not simply to help our clients achieve robust investment performance; we ensure that their returns are achieved in the most tax-efficient manner possible. Our proactive tax planning finds more tax-deductible items, creates tax-advantaged situations, and teaches you how to reduce taxes for greater savings in future years. In some cases, the tax savings we identify are greater than our fees, fully offsetting the cost of our services.

Here are some helpful tips to consider before 2021 comes to a close:

Year-End Tax  Checklist Infographic (1)


Through our in-house CPA tax planning specialist, we offer complimentary tax strategy consultations with a focus on proactive planning and deduction maximization. For new clients, our team may find overlooked deductions and recommend amending prior tax returns to claim overlooked deductions. For tax preparation, we gladly work cooperatively with your CPA or tax preparer. Alternatively, you may prefer that we coordinate your tax preparation with one of the CPAs in our network. 

Feel free to reach out to us and schedule a free session in the link below so we can help you wrap up 2021.

Schedule a Free Tax Strategy Session

Rhame & Gorrell Wealth Management is a fiduciary investment advisor headquartered in The Woodlands, TX. The 12-person team is proud to hold a wide array of financial designations designed to ensure your success, including 5 CFP®, 2 CIMA®, CPA, AIF®, as well as several postgraduate degrees in accounting, finance, and economics.

Please note: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own CPA or tax professional before engaging in any transaction.