Tax Planning

Have you ever been surprised after completing your tax return? Do you worry about paying too little or too much in taxes? Have you experienced any of the following changes during the year - change in marital status, number of dependents, salary or retirement income, or purchase of a home? If you answered yes to any of these questions, you should consider meeting with a Financial Dimensions' tax professional during the year.

Everyone experiences changes in their lives which often have an effect on their individual income taxes. A few common changes include marriage, children, purchasing a home, inheritance, salary increases and children entering college. In addition to tax planning for the changes previously mentioned, Financial Dimensions specializes in tax planning for the following situations:

Retirement: Proper tax planning is essential during the first two years of retirement to avoid costly IRS penalties.
Retirement Distributions: Financial Dimensions can evaluate the tax consequence of the various retirement plan distribution options.
Required Minimum Distributions: In the year that you turn age 70 1/2, you are required by the IRS to begin distributions from all qualified retirement plans.
Individual Retirement Accounts: We can determine the tax benefits of the Traditional IRA, Roth IRA and Education IRA.
Estate Taxes: Proper tax planning can often significantly reduce the amount of estate subject to federal estate taxation.

Financial Dimensions, Inc.
In The First Financial Building
1215 York Road
Lutherville, MD 21093
Phone: 410-321-6060, ext. 150
Toll free outside Baltimore metro area: 1-800-90-FFFCU
Fax: 410-321-1887
E-Mail Financial Dimensions