Wealth Management Industries Resources Careers Find an Advisor About Us Contact Us Client Payment Login TAX OPTIMIZATION Ask a question MAXIMIZING ASSETS AND MINIMIZING TAXES With tax planning in our DNA, Boulay Integrates strong technical tax guidance with your wealth management strategies. Our goal is a successful financial plan that maximizes growth, equity and cash flow while minimizing your taxes. We offer a variety of tax services to high-net-worth individuals, their families, and related businesses. HOW WE HELP YOU GET THERE Working collaboratively with your Boulay or tax professionals, our wealth advisors consider the right strategies available to high-net-worth individuals, their families and related business when it comes to reducing your current and future tax obligations and how they may fit into your overall financial plan. While paying taxes is often unavoidable, we help optimize your tax by offering the following services: Tax Gap Analysis Many people often fall into a lower tax bracket for several years following retirement only to see their bracket jump again once Required Minimum Distributions (RMDs) from their retirement accounts kick in. We help you determine if you should take IRA distributions immediately or if you should wait. Strategic Asset Placement We consider the most tax advantageous asset location for your situation between taxable, tax-deferred and tax-favored accounts. Resolving Controversies with Tax Authorities Representation and assistance during examination of income tax returns by tax authorities, including the assembly of documentation and other information in support of income tax returns. ROTH IRA Conversions Utilizing WealthNAV™, we analyze the effects of converting pre-tax IRA dollars into a ROTH IRA by comparing the tax obligations at the time and how they will potentially look in the future. Cash Flow Timing Analyzing your options for deferring or recognizing income, whether it is in a 401(k), deferred comp plan or health savings account, and making recommendations based on your goals. Gain/Loss Recognition The timing of when a particular investment is sold, whether it’s a legacy stock holding or a short-term mutual fund investment, may influence the amount of taxes payable. We help you determine how to reduce the overall tax consequences. Estate Tax Considerations Whether it’s how accounts are titled, or your situation requires a complex estate plan, we work with your estate planning attorney to ensure our recommendations integrate well with your estate plan. Charitable Gifting and Tax Planning Tax efficiency, simplicity and flexibility make naming a charitable organization a great starting point for those leaving a charitable legacy. Boulay offers practical strategies designed to help you implement a charitable giving plan. Other Personal Tax Planning Strategies We also offer many other immediate and long-term tax strategies to maximize wealth: Tax Diversification Employee Benefit Maximization Executive Benefit Planning Income Deferral Deductible Expense Acceleration Trust Coordination Distribution Planning Social Security Planning Our process allows you to focus on important matters in your life, while knowing your financial plan is in good hands. With strong technical skills and an exceptional commitment to client service, our tax team offers a client experience where your voice is heard, your needs are understood, and all tax work is completed in a precise, timely, and cost-effective manner. Request a Meeting RELATED SERVICES Retirement Planning Insurance Strategies Charitable Planning Estate & Trust Business Succession BROCHURES Download Tax Heatmaps Brochure START YOUR SUCCESS JOURNEY Boulay’s WealthNAV™ Experience takes a step-by-step approach, guiding you through life’s journey. We explore what you value—your interests, hopes and goals to develop a personalized wealth and tax strategy plan. With ongoing evaluation, we help you visualize where you want to be in the future, helping you create clarity and an enduring legacy that passes on your values and wealth. Get Started with WealthNAV™ WEALTH MANAGEMENT TEAM LATEST INSIGHTS View more insights November 24, 2021 A BRIEF HISTORY: ESOPS & EMPLOYEE OWNERSHIP Many people are surprised to discover the numerous benefits that Employee Stock Ownership Plans (ESOPs) … Read Full Post November 24, 2021 PROPER WORKER CLASSIFICATION FOR EMPLOYMENT TAX COMPLIANCE Changing Workforce and Laws The COVID-19 pandemic changed many aspects of our life and work. … Read Full Post GET A REVIEW OF YOUR TAX STRATEGY In order to maximize your assets and minimize your taxes, you need a team of experts who can proactively apply your income, trust and tax situation to your overall wealth plan and identify effective strategies based on your opportunities. Boulay helps you get there with a comprehensive plan designed to satisfy your individual needs and objectives. Contact us today! Contact Us SUBSCRIBE TO OUR NEWSLETTER SUBSCRIBE NOW CONTACT Eden Prairie, MN Minneapolis, MN (952)893-9320 Naples, FL (239)325-1100 COMPANY About Us Services Industries Knowledge News & Events Careers Contact Us Secure File Transfer Disclaimer Privacy Policy Peer Review Report ADV Document Form CRS Investment Advisory Services offered through Boulay Financial Advisors, LLC a SEC Registered Investment Advisor. Certain Third Party Money Management offered through Valmark Advisers, Inc. a SEC Registered Investment Advisor. Securities offered through Valmark Securities, Inc. Member FINRA, SIPC Boulay PLLP and Boulay Financial Advisors, LLC are separate entities from Valmark Securities, Inc. and Valmark Advisers, Inc. FINRA | SEC | SIPC |©2021 Boulay | All rights reserved. FINRA BROKER CHECK