Why Year-Round Tax Planning Is Essential for Financial Success
Many people make the mistake of thinking tax planning is something you do in December, scrambling to find deductions and last-minute strategies before year-end. But smart tax planning is a year-round effort that can lead to greater tax savings, better financial decisions, and fewer surprises when you file your return.
Throughout the year, your income, investments, and personal situation can change. Proactive tax planning allows you to adjust retirement contributions, take advantage of tax-loss harvesting, manage capital gains, and explore charitable giving strategies as opportunities arise. Waiting until year-end often limits your options and may leave valuable tax-saving strategies on the table.
By making tax planning part of your ongoing financial management, you can minimize taxes, reduce year-end stress, and stay aligned with your long-term financial goals. Working with a fiduciary financial advisor ensures you’re taking advantage of available tax strategies while staying compliant with IRS rules and current tax laws.
In good health and wealth,
Patrick
About the Author:
Patrick Thompson, AWMA®
Principal & Fiduciary Financial Advisor — Sentient Financial, LLC
With over 18 years of experience helping individuals, families, and business owners with investment management, retirement income planning, and advanced tax strategies, Patrick provides transparent, client-focused financial advice. As an Accredited Wealth Management Advisor™ (AWMA®) and California Registered Investment Advisor, he is legally obligated to act in his clients’ best interests, delivering personalized solutions designed to meet long-term financial goals.
