Year-End Tax Planning for a Financially Healthier Retirement

Getting your tax ducks in a row for the end of the year can decrease your tax liability and make the most of your income, now and in retirement.

A woman looks at her laptop while using a calculator at her desk.
(Image credit: Getty Images)

When you hear the words “tax planning,” you might envision the process of preparing and filing your income tax return. But what you may not realize is that there’s a whole different side of taxes that has nothing to do with going to TurboTax, H&R Block or your trusted tax preparer.

The goal of tax planning is to decrease your tax liability and maximize your income. It’s a strategy that can have a huge impact on your financial well-being throughout your working life and especially in retirement.

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Ryan Marston, Investment Adviser Representative
Investment Adviser Representative and Partner, Rubino & Liang Wealth Partners

Ryan Marston joined Rubino & Liang in 2009 so he could assist pre-retirees and retirees with strategies that move them closer to maintaining a happy, stress-free lifestyle. Ryan is Series 65 licensed, provides financial and investment advice and personally manages his clients’ investment portfolios as a fiduciary adviser. After graduating from the University of Connecticut with a major in economics, Ryan entered the financial industry at Bank of America Investment Services.