Mark Wygant

Instead of asking: “Did I get a big refund?” A better question is: “Did my tax withholding strategy support the rest of my financial life this year?" For some people, the answer is yes—even with a large refund. For others, it’s an opportunity to improve cash flow, contribute more towards retirement accounts, reduce stress, and make the system work more intentionally.

Many people assume that if their tax return is filed correctly, they must be paying the right amount of tax. In reality, tax filing and tax planning are not the same thing. This article explains why even well-intentioned taxpayers often overpay, how common planning gaps occur, and what proactive, year-round tax planning can change over time.

Retirement shifts the focus from asset accumulation to asset distribution, introducing new risks that need to be planned for.