It’s Not Just About Tax Minimization
In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff discuss some benefits of tax minimization for high income earners, but also the need to look beyond and keep things simple sometimes. When you are constantly chasing tax savings, you can end up using strategies that are time consuming, potentially expensive, and sometimes overly complicated.
Listen Along!
More complicated tax minimization strategies can include:
- Real estate ventures
- Investing in opportunity zones
- Commercial solar investments
- Strategic use of permanent life insurance
Simpler tax planning can include:
- Maxing out your tax-advantaged retirement plans
- Using tax loss harvesting, when possible, in taxable investment accounts
- Potentially holding municipal bonds in taxable accounts
- Direct indexing in taxable accounts
- Being strategic about the timing of taxable distributions in retirement – potentially converting some pre-tax dollars before required minimum distributions kick in, etc.
There are some people who really enjoy exploring and executing complicated new strategies. For many people, the best idea is to keep things relatively simple. Financial professionals can help you with many of these strategies, but it’s important to have a good understanding of what’s happening with your money. You get to decide how much time and energy you want to put into that.
For more financial planning tips from Corey and Rachelle, find them on social media!
LinkedIn: @CoreyJanoff; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP
Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. Finity Group, LLC is a separate entity from LPL Financial.
Citations:
Amir Ali, Kamran. Bonus Depreciation for Short-Term Rentals: The Complete Guide (2026). Guest Manual. April 17, 2026. https://www.guestmanual.com/articles/bonus-depreciation-short-term-rental
Watson, Jason. Selling Your Rental Property – Cost Basis and Recapture. WCG. March 31, 2026. https://wcginc.com/kb-rental-property/selling-your-rental-property-cost-basis-and-recapture/