Why do financial planning if it isn’t any good?
Good financial planning includes effective tax planning. As a wise woman once said, “It’s not what you make it’s what you keep.”
Your annual tax planning checklist should include maximizing retirement contributions, eligibility for health savings accounts, a Roth conversion evaluation, capital gains and loss strategies, and which investments are best for what kinds of accounts. Optimizing tax planning strategies is a big help in building savings and financial security.