A Guide to Optimizing Wealth, Compliance, and Legacy
1. Prioritize Liquidity & Tax Planning
Balance short-term needs with long-term opportunities
• Manage year-end distributions strategically using a plan that fits your risk tolerance
• Avoid overcommitting to illiquid deferral plans until you have a solid foundation in place
2. Diversify Outside of PwC Plans
Reduce risk and stay compliant
• Build portfolios outside firm-sponsored programs to reduce firm-centric risk
• Utilize PwC’s compliance team to maintain independence
3. Use Roth & Backdoor Roth Strategies Effectively
Achieve tax-free growth for the long haul
• Leverage Roth 401(k) & Mega Backdoor Roth conversions
• Avoid tax traps with pre-tax IRA assets and give yourself spending flexibility in retirement
4. Maximize Tax-Efficient Accounts
Save more by keeping less in taxes
• HSAs: Invest to maximize triple tax-advantaged accounts for healthcare expenses
• Donor-Advised Funds: Gift appreciated assets and get deductions
5. Plan Your Estate & Protect Your Legacy
Secure your family’s future
• Set up trusts & optimize life insurance
• Make annual tax-free gifts to reduce estate size and shift assets to the next generation
Need help implementing this?
Greenspring Advisors helps PwC Partners align strategy with independence rules, optimize taxes, and protect their legacy. Contact our team to get started.
Disclosure: Greenspring Advisors is a registered investment adviser with the SEC and does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.
