For Best Tax Savings, Year-Round Tax Planning Is Essential

For optimal, ongoing tax reduction, consider employing these nine strategies throughout the entire year.

A woman looks at paperwork while sitting with her laptop at the kitchen counter.
(Image credit: Getty Images)

It’s commonplace to focus on tax savings in early spring as Tax Day approaches in mid-April, but how often do you think about them otherwise? If your answer is “not much,” consider making a change. After all, the ultimate goal in tax planning is to minimize taxes paid over your lifetime — not just on your current tax bill — and to foster overall growth and preservation of your assets.

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Andy Leung, Private Wealth Adviser
Vice President, Procyon Partners

Andy Leung is a vice president and private wealth adviser at Procyon Partners, an independent RIA in Shelton, CT. With more than 20 years of experience serving institutional clients for UBS Investment Bank, Andy has extensive knowledge of the global markets. Additionally, as a franchisee of a boutique fitness operation, Andy has an acute understanding of the financial issues and challenges associated with franchising and small business ownership.