Wealth Planning Guide

Thoughtful year-end planning is always an important step in managing your taxes. Before year-end and the beginning of the 2015 tax season, it is important to carefully consider the effect that different financial actions may have on adjusted gross income (AGI) capital gains, and tax liabilities. The key to success is giving oneself enough time to plan and then implement effective financial strategies.

City National's Wealth Planning Guide, Tax Year 2014, can help you develop effective tax strategies and highlights key planning steps for individuals, families and business owners in the areas of:

  • Personal Planning: AMT, Education, Medical, Charitable Gifting, Real Estate
  • Investments: Offsetting Capital Gains / Losses, Mutual Funds
  • Retirement: IRAs, including Charitable Gifting and Conversion implications
  • Estate Planning: Exemptions, Gift Taxes, Commonly-used Trusts
  • Business Strategies: Taxes, Credits, Deductions, Retirement Plans, Tips for Small Businesses

Check back for updates for the tax year 2015.  City National's wealth planning group will post updates as the 2015 tax outlook becomes clearer or if additional tax legislation is passed. 

City National Bank, as a matter of policy, does not give tax, accounting, regulatory or legal advice. The effectiveness of the strategies presented in this document will depend on the unique characteristics of your situation and on a number of complex factors. Rules in the areas of law, tax, and accounting are subject to change and open to varying interpretations. The strategies presented in this document were not intended to be used, and cannot be used for the purpose of avoiding any tax penalties that may be imposed. The strategies were not written to support the promotion or marketing to another person any transaction or matter addressed. Before implementation, you should consult with your other advisors on the tax, accounting and legal implications of the proposed strategies based on your particular circumstances.