As we approach year-end, there are many tax strategies that can be employed to minimize income tax. Below are some items that will be discussed in greater detail this month.

For more information on how you can reduce your income tax and to learn how we can help manage your finances, call WFA today at 414-727-8181.



Required Minimum Distribution from a tax-deferred retirement account (i.e. IRA, 401(k)) if account owner is over age 72. Tax consequence can be offset by QCD.



Qualified Charitable Distribution is a tax strategy that converts taxable IRA distributions to tax-free distributions as long as money is given directly to charity.



Donor Advised Fund is a tax-efficient way to convert appreciated stock to cash to fund charitable donations over the short- and long-term.


Tax-Loss Harvesting

Tax-Loss Harvesting is selling securities at a loss to offset capital gains and other income.


Tax-Gain Harvesting

Tax-Gain Harvesting is selling securities to realize a long-term capital gain at 0% federal tax.