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Introduction: In the realm of financial planning, many clients entrust their tax matters to professionals, assuming that tax planning is already integrated into the services they receive throughout the year. However, the reality is that most tax preparation professionals primarily focus on compliance rather than proactively seeking ways to save clients money on taxes. This is where Redwood Tax Specialists differentiate themselves through their unique coaching and mentorship programs, revolutionizing the landscape of tax planning. Shifting the Paradigm: Traditional tax preparers often overlook the opportunity to actively pursue tax-saving strategies, as their focus remains on ensuring compliance with regulations. Redwood Tax Specialists have recognized this gap and have developed an innovative coaching and mentorship approach that empowers financial planners and accountants to go beyond compliance and proactively explore tax-saving opportunities for their clients. The Redwood Advantage: Coaching and Mentorship: By partnering with Redwood, financial planners and accountants gain access to unparalleled expertise and guidance in the realm of tax planning. Through personalized coaching and mentorship programs, professionals receive the necessary tools, knowledge, and strategies to deliver exceptional value to their clients and achieve remarkable tax savings. Embracing a Proactive Mindset: Redwood's coaching and mentorship programs instill a proactive mindset among financial planners and accountants, transforming their approach to tax planning. Professionals are equipped with the skills to analyze their clients' financial situations comprehensively, identifying potential areas for tax optimization throughout the year rather than solely during tax season. This shift in mindset ensures that clients benefit from timely and effective tax-saving strategies. Unlocking Savings Potential: Through Redwood's coaching and mentorship, financial planners and accountants are empowered to unlock the true savings potential for their clients. They gain a deeper understanding of the tax code, enabling them to uncover overlooked credits, deductions, investments, and expenditures that can significantly reduce their clients' tax burdens. By implementing these strategies, professionals can deliver tangible financial benefits to their clients and enhance their overall financial well-being.

I found this article this morning, I thought the picture said a 1,000 or more words: https://www.visualcapitalist.com/top-sp-500-stocks-by-annual-returns/ What do you see from this picture?

Darren, and I had our zoom call yesterday with Erik, CFP to discuss his client with the $3m in an IRA, and what Roth conversion / Alternatives are available for Erik's client. After a great presentation from Darren, Erik replied this isn't going to work for this client, however I have another client. He said my clients 76, and 74 years of age got approved standard early last year for an IUL. They planned on putting $7m into a CRT and take 5% yearly to fund the IUL, but they loss $3m in the markets and got cold feet. Erik said that this will be a no brainer for them and they are already approved for Life insurance. Our initial presentation was illustrating $750K a year premium for first 4years. The new case annual premium will be over $1m per year.

I joined Redwood Tax Specialists (RTS) 4 years ago, after losing one of my business owner clients, because we couldn't provide holistic advanced tax reductions for his business. In my first couple of months after joining RTS & calling CPAs, I placed my first case with our back office, a CPA that had 4 partners owning an IT staffing company, all four owners earning over $1,000,000 and paying $425k in personal taxes. The CPA decided to try out our PROCESS and back office to help reduce his clients taxes. Our specialists recommended that the four owners contribute $1,300,000 to a cash balance plan that reduced their taxes down to $210k each, and 90% of the contributions went to the four owners. 50% tax reduction!