Tax Day Is Just One Day—Tax Planning Is Year-Round
- Sid Misra
- 6 days ago
- 2 min read
To My Readers
April 15th is behind us, but smart tax planning never takes a day off.
While most people think of their taxes once a year (usually in a scramble), the reality is that true tax planning is a year-round effort—and it can make a significant difference in how much you keep versus how much you pay.
Here are some of the strategies that go far beyond basic filing:
✅ Required Minimum Distribution (RMD) Planning
✅ Tax Loss Harvesting
✅ Roth Conversion Timing
✅ Tax Bracket Management
✅ Asset Location Strategy (which accounts go where)
✅ Medicare IRMAA Impact Planning
✅ Social Security Tax Planning
✅ Retirement Contribution Optimization
✅ Backdoor Roth IRA Strategies
✅ Capital Gains Realization Planning
✅ Qualified Charitable Distribution (QCD) Strategies
✅ Equity Compensation & RSU Planning
✅ Estimated Tax Payment Planning
✅ Multi-Year Tax Forecasting
All of this should be done in coordination with your CPA, not in isolation.
But here’s the problem: many financial advisors focus more on selling insurance or pushing high-fee funds—and completely overlook these critical planning opportunities.
The truth is:
💡 If your financial advisor isn’t helping you proactively manage your taxes throughout the year… you may be leaving money on the table.
Ready for smarter, more proactive planning?
Let’s talk. I specialize in personalized financial planning with an emphasis on year-round tax strategies - so you can reduce surprises and keep more of what you earn.
Thank you,
Beacon Financial Group
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC
The opinions voiced in this material are for general information only and are not intended to provide specific advice financial or tax recommendations for any individual.
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