What is Tax Planning vs. Tax Preparation?

<p>Tax preparation is reactive, for the most part. &nbsp;Tax planning is proactive. &nbsp;Most people focus solely on tax preparation, which involves preparing necessary documents to file your taxes. &nbsp;Tax planning involves not only minimizing your tax liability today, but minimizing taxes when you start to draw on your investment assets and throughout your retirement years. &nbsp;We hope you enjoy this episode!</p>