Michael Brady & Co. LLC

Keep More of What You've Earned

After decades of hard work building wealth, the last thing you want is to pay more in taxes than necessary. At Michael Brady & Co., we specialize in helping Cleveland-area pre-retirees and recent retirees develop tax-efficient strategies that maximize retirement income while minimizing lifetime tax burden.

The Tax Planning Problem Most Pre-Retirees Face

You've saved diligently in your 401(k), built up investment accounts, and maybe even accumulated rental properties or business interests. But here's the challenge: without strategic tax planning, you could end up paying hundreds of thousands of dollars more in taxes than necessary over your retirement years.

Most financial advisors focus solely on investment returns. We take a different approach. We believe that what you keep after taxes matters far more than what you earn before taxes.

Our Tax-Efficient Retirement Planning Process

1. Comprehensive Tax Analysis

We start by reviewing your complete financial picture to identify tax-saving opportunities, including:

Current and projected income tax rates
Required Minimum Distributions (RMDs) from retirement accounts
Capital gains tax exposure in taxable accounts
Social Security taxation strategies
State and local tax considerations specific to Ohio
Estate and inheritance tax planning

2. Strategic Income Sourcing

One of the biggest mistakes we see Cleveland pre-retirees make is withdrawing from retirement accounts in the wrong order. We develop a customized income strategy that considers:

Tax-deferred accounts (Traditional 401(k)s, IRAs)
Tax-free accounts (Roth IRAs, HSAs)
Taxable accounts (Brokerage accounts, savings)
Social Security benefits (timing and taxation)

By strategically coordinating withdrawals across these different account types, we can help you minimize your tax bill each year and throughout your retirement.

3. Roth Conversion Planning

For many Cleveland families, strategic Roth conversions before retirement can result in significant tax savings. We help you determine:

If Roth conversions make sense for your situation
The optimal amount to convert each year
The best years to execute conversions (typically lower-income years)
How to pay the taxes on conversions efficiently

4. Social Security Optimization

When and how you claim Social Security can have major tax implications. We analyze:

The optimal claiming age for you and your spouse
How Social Security fits into your overall tax strategy
Strategies to minimize taxation of benefits
Coordination with other retirement income sources

5. Investment Tax Management

We don't just focus on what you earn. We focus on what you keep. Our investment management approach includes:

Tax-loss harvesting to offset capital gains
Strategic asset location (placing investments in the right account types)
Minimizing portfolio turnover to reduce taxable events
Using tax-efficient investment vehicles

Questions We Help Physicians Answer

Am I paying more in taxes than I need to in retirement?

We'll conduct a comprehensive review of your tax situation and identify opportunities to reduce your tax burden.

When should I start taking Social Security to minimize taxes?

We'll run multiple scenarios to determine the optimal claiming strategy for your situation.

Should I do Roth conversions, and if so, how much?

We'll analyze your current and projected future tax rates to determine if Roth conversions make sense.

How do I coordinate withdrawals from multiple retirement accounts?

We'll create a tax-efficient withdrawal strategy that considers all your account types.

What's the best way to leave money to my children while minimizing taxes?

We'll help you structure your estate to minimize taxes for both you and your heirs.

Who This Is For?

Our tax-efficient retirement planning is ideal for:

Pre-retirees

(5-10 years from retirement) who want to get ahead of tax planning

Recent retirees

Looking to optimize their retirement income strategy

High-income earners in Cleveland

Who want to reduce their tax burden

Families with multiple retirement account types

Who need help with coordination

Anyone concerned about RMDs

and their tax impact

The Michael Brady & Co. Tax-Planning Advantage

Unlike many advisors who only look at investments, we take a comprehensive approach that integrates:

✓ Investment management
✓ Tax planning
✓ Estate planning
✓Social Security strategies
✓ Healthcare planning

This holistic view ensures we're optimizing your entire financial picture, not just one piece of it.

What We Do

When you work with us, our tax-efficient retirement planning services focus on:

Comprehensive tax situation analysis
Multi-year tax projection modeling
Roth conversion analysis and implementation
Social Security claiming strategy
Required Minimum Distribution (RMD) planning
Tax-efficient investment portfolio management
Coordination with your CPA or tax preparer
Ongoing monitoring and adjustments as tax laws change

Ready to Keep More of Your Hard-Earned Money?

Let's discuss how our tax-efficient retirement planning strategies can help you minimize taxes and maximize your retirement income.

Michael Brady & Co., LLC

Serving families throughout Northeast Ohio, including Westlake, Rocky River, Bay Village, Avon, Avon Lake, and the greater Cleveland area.

☎ (440) 235-2100