I want to talk today about tax planning and how it relates to investing. In our financial life, there are really four quadrants.

There is the tax planning quadrant, then we have cash flow, which includes retirement income, investment planning, and then estate preservation. What happens a lot is people will focus on whatever area they’re in, investing for example, but the fact is whatever you do with investments can affect the other areas of your financial life. It can affect your income and it definitely can affect your taxes.