You might find that a taxable account can be a more appealing option because of the ease and flexibility, when you consider the various withdrawal rules and penalties associated with certain retirement accounts. Even though we do not provide tax advice, we are happy to work collectively with your accountant regarding your specific tax circumstances.
Taxable accounts may add the following benefits to your portfolio:
- Greater flexibility when deciding to withdraw
- Tax loss harvesting to minimize tax liability
- Increase control when planning for retirement
- Tax savings, with a step-up cost basis, for any heirs or successors
Examples of the different types of taxable accounts we can help with:
- Individual Accounts
- Joint Accounts
- Trust Accounts
- UGMA/UTMA Accounts
Stockman Wealth Management is a federally Registered Investment Adviser. This website is solely for informational purposes and should not be viewed as advice or recommendations. Past performance is not a guarantee of future results. Stockman Wealth Management is an independent, wholly owned subsidiary of Stockman Financial Corp. and affiliate to Stockman Bank.
Not FDIC Insured, Not Bank Guaranteed, May Lose Value