McLean Heuristics

Many of you have asked for a timeline for the tax reports historically provided in mid- February.  As you may be aware, this year has presented a unique set of circumstances because of the electronic data transfer required from The Harbor Group’s systems to McLean’s database. 
 
McLean’s Investment Operations and Portfolio Management team has been working diligently on completing this process and we anticipate providing reports via US mail in mid-March so you can forward these to your tax professional. Our reports will cover the following areas:
 
       Income (Dividends, Interest & Capital Gain Distributions) 
       Realized Gains/Losses 
       Portfolio Management Expenses

The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are two basic ways to reduce your taxes, and each basic method might have several variations. You can either reduce your income or increase your deductions or your tax credits.  You might think that tax planning is only  for the ultra wealthy.  But the truth is, there are a lot of tax planning techniques that the rest of us can use.  Please use the following links for topics which may apply to your particular circumstances.

Every Day Tax Strategies

Woulda, Coulda, Shoulda for Business Owners

Tax Strategies for Retirees