Tax Planning Process

At JOYN, we believe that many clients benefit from a proactive tax-planning process.

In fact, at JOYN we see tax-planning as such an important value-added area to a client’s financial well-being, we’ve spent years developing a tax planning process that we like to call the “Idea and Opportunity Conversation.”

  • We Keep Our Client’s Values First

    It sounds simple, but it’s one of JOYN’s core beliefs: we keep our client’s values first.

    We do not fall prey to an advisor’s natural tendency to substitute their value system for that of our clients. We will seek to understand what our clients want and need, and let the client decide what they want to do.

  • Engage Clients Through Behavioral Wealth Management™

    We seek to build meaningful relationships with our clients so we can find new tax-planning opportunities. We leverage our Life Priorities exercise to help our clients make decisions in alignment with their ultimate life goals.

    If we ask questions, good things tend to happen.

  • Explore Risk Tolerance

    Risk is an important aspect of not only investment, but in our ability to help provide context and recommendations to tax-reduction or other tax-planning processes and strategies. One of the first steps is to explore your tolerance and comfort with tax complexities.

    At JOYN, we utilize our “Strategy, Risk, and Complexity Profile” to help clients and our team explore a strategy that incorporates your risk and complexity profile.

    These insightful questions help provide context to your comfort with risk so we can point you in the right direction with your tax-planning needs.

  • Think of Applicable Tax Ideas

    Once we have a clear understanding of your risk complexity comfort level, we work diligently and apply our years of expertise to determine tactics and strategies most applicable to you and your unique situation.

    Importantly, we don’t shy away from complexity. If it’s right for you, it’s right for JOYN.

  • Preview the Idea without Industry Jargon

    It’s important to make sure you feel comfortable and confident in your tax-strategy. Yet, sadly many people shy away from potentially great tax-planning strategies because of industry jargon or technical language.

    Our goal is to the make the complex simple and avoid using jargon whenever possible. Your comfort and success are our top priority, not just sounding smart.

  • Explore and Implement Strategies with Your Tax Team

    We are interdisciplinary at our core. For those clients with businesses, for example, we like to say that we focus “on the intersection of the corporate and the personal.”

    We are committed to exploring and implementing good tax-planning ideas taking an interdisciplinary team approach in conjunction with our clients CPAs and attorneys. This helps us avoid what the industry refers to as “Implementation Fatigue.”

    Our Behavioral Wealth Managers know how to engage you and your advisor ecosystem and understand the role of each professional on the team. We are not engaged in the practice of law or accounting. However, we encourage our clients to work closely with their accountant, attorney, and other tax advisors to make sure each idea we bring to the table is vetted fully.

  • Monitor, Adjust, Evolve

    The tax law changes often. If your CPA, attorney, or other tax advisor notice a change or pending change to the tax law, we will work with your team to respond to the changes appropriately.

    Because at JOYN, good tax-planning process teams should evolve and be nimble to help meet your needs.

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Financial Benefits of Behavioral Advising

Better Advice. Better Decisions. Better Life.

There are significant financial benefits focusing on your behavior and making better decisions. Vanguard research and other academic studies have concluded that behavioral advising can add 1% to 2% in net return. (Source: Vanguard, 2016

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