Want to keep more of your money every year? Pay attention to how taxes impact your finances, especially if you’re within 10 years of retirement. Too many people treat tax planning as a once-a-year event every April, but it’s a year-round task. In this episode, Dr. Michael Liersch talks with financial planner Doug Ulrich to clear up this common misconception and explain why tax planning is so important during your peak earning years. Michael and Doug also cover common tax questions about traditional versus Roth 401k contributions, the three money buckets to know and how to get started with tax planning versus tax preparation.

 Money on Your Mind is produced by Edelman Financial Engines and hosted by Michael Liersch. Information is believed to be reliable but is not guaranteed. This content is for educational purposes only and does not constitute investment, legal, insurance or tax advice. It is not an offer to buy or sell any product and does not represent an endorsement of third parties. All investments have inherent risks. Consult a financial advisor before investing. Individual results may vary.

© 2026 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. Produced March 2026. AM5329133