TheLiveBigWay® Digest: Tax Tips and Road Trips

Let’s face it — tax forms aren’t exactly beach reading. But understanding your tax return doesn’t have to feel overwhelming. When you understand what’s behind the numbers, you can gain a clearer picture of your financial life and how decisions you make throughout the year can impact your taxes. In this guide, we break down some of the most important lines on the form with simple explanations and helpful visuals to make it all feel a little less taxing.

When it comes to investing, it’s easy to get swept up in the rush – fast trades, market timing, and the constant hum of market noise. But successful investing isn’t about speed, it’s about direction, intention, and resilience. Our approach to investing is that it’s not a race, it’s a well-planned road trip. In this piece, we explore three ways investing mirrors a road trip by focusing on three key decisions that shape an investor’s journey. Let’s hit the road!

Our Chief Planning Officer, Lauren Stansell, CFP^®, was recently invited to speak at a global conference focused on the next frontier of advisors and the future of financial planning. Lauren’s presence on the panel reflects growing recognition of our work with Clients and our commitment to shaping the profession for the better, and we couldn’t be more proud to have her leading our team and serving our Clients with excellence. Continue reading for more insights, inspiration, and snapshots from this meaningful event.

We’re excited to share that our in-person gathering in San Francisco will be held on Wednesday, August 6th from 4:30pm – 7:30pm at The University Club of San Francisco. Join us for an evening of great company, delicious bites, and meaningful conversation in a classic, elegant setting atop Nob Hill. Let us know if you’ll be able to join us by using this link to RSVP – we look forward to seeing you there!

As we shift from tax season to planning season, we invite you to send us your 2024 federal and state tax returns to help us serve you throughout the year. Exactly how we use the information varies from Client to Client but may include analyzing Roth conversions, updating retirement capital projections, calculating tax projections, and tracking tax data that can impact investment decisions. We are best able to perform tax-related analysis with your most current tax return. When you’re ready, please upload your return using our secure file upload form.