Range helps members reduce their tax burden by analyzing the tax impact of their financial decisions. Members work with our advisors, who make recommendations, and year-round modifications to be prepared each tax season.
How does it work?
Our financial advisors will:
Analyze your prior year tax return (Form 1040)
Conduct a withholding analysis (Form W-4) to ensure proper withholding and prevent any surprises at tax filing
Evaluate your investment portfolios for opportunities to harvest tax losses
Prepare and present proposed changes (i.e. increase withholding, complete a Roth conversion, etc.)
Coordinate the filing of your individual tax return (*included in Platinum membership tier)
Our team will complete a full review of your tax planning strategy when you get started with us and help you proactively monitor along the way. However, if there is a significant change to your financial situation, please reach out right away. We’re happy to adjust your plan accordingly.
Please note: Platinum members who have elected for Range to prepare and file their taxes will get access to ongoing tax monitoring and tax filing.
Range advisors use a full suite of industry-leading tax analytics tools to complement the tax planning process. Once we gather the data needed for your specific situation, we'll populate your profile. You’ll get the critical details of your tax plan without having to comb through a comprehensive financial plan or your tax documents.
Personalized financial planning solutions for a fraction of the cost that traditional CFPs charge
Tax Recommendation Example
Adjust your tax withholding
Since you got married last month you and your spouse are now subject to a new tax rate. You should both update your Form W4 with your employers so they are not withholding too much tax each pay period. In Step 1, change box C from Single to Married filing jointly, and in Step 2 input the results from the IRS withholding estimator located in the Files section of your profile.
Tax Recommendation Example
Complete a Roth Conversion
A Roth conversion is the process of converting a tax-deferred retirement account into a Roth IRA to set yourself up for tax-free retirement income that isn’t subject to RMDs. We recommend converting your ABC Co 401(k) to a Roth IRA this tax year because your effective tax rate is lower than usual. Our planning team will facilitate the conversion, however, if you’d prefer to handle it yourself we’ve included detailed instructions in your Range profile.
Range Finance, Inc. ("Range") is an SEC registered investment adviser headquartered in Mclean, Virginia.
The information presented herein is for educational purposes only and does not constitute investment advice or an offer to buy or sell any security or insurance product. While we believe it to be accurate, we do not guarantee its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Hyperlinks to third-party content are intended to provide additional perspective and should not be construed as an endorsement of any services, products, guidance, individuals or points of view outside Range Finance, Inc. Range Finance, Inc. does not sell insurance or other investment products and does not receive compensation for the referral of investment opportunities to third parties if individuals elect to purchase the investment opportunities through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.
Range Finance, Inc. does not offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Please contact us for more complete information based on your personal circumstances and to obtain personal individual investment advice.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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Range charts and graphs are for illustrative purposes only and do not reflect actual client information. Such information, charts, and graphs are for illustrative purposes only and are not intended to serve as investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Results will vary, and no suggestion is made about how any specific solution or performed in reality