Failing to Plan for RMDs
Not planning for Required Minimum Distributions can result in hefty penalties and increased taxable income.

Misunderstanding Tax Brackets
Failing to understand tax brackets can result in paying higher taxes than necessary or underestimating your tax burden.

Not Maximizing Contributions
Neglecting to contribute the maximum to retirement accounts can mean missing out on significant tax benefits.

Overlooking Deductions
Missing out on available tax deductions reduces overall savings and increases the amount owed to the IRS.

Ignoring Tax Loss Harvesting
Failing to offset gains with losses can mean paying more in capital gains taxes than necessary.

Overlooking AMT Relief Strategies
Failing to apply AMT relief strategies can result in paying more taxes than necessary over time.

Mismanaging Capital Gains
Failing to strategically manage capital gains can result in significant tax hits, reducing your overall investment returns.

Overlooking Estate Tax Planning
Failing to plan for estate taxes can result in significant tax liabilities for heirs, reducing their inheritance.

Ignoring AMT Liability
Failing to account for the Alternative Minimum Tax (AMT) can result in unexpected additional tax payments.