153. Why Your Financial Advisor Should Check Your Tax Returns

Does your financial advisor ask to review your tax return every year? If not, you could be missing valuable financial planning opportunities. 

Most people think of their tax return as something to file away once tax season is over. But your tax return is much more than a record of what happened last year—it's one of the most valuable planning tools for making smarter financial decisions going forward. 

In this episode of The Fit Wealth Show, Amanda and Shawn Hanquist explain why reviewing your tax return is a critical part of comprehensive financial planning and how it can uncover opportunities to improve your tax strategy, investment decisions, retirement planning, and overall financial picture. 

In This Episode, We Discuss: 

• Why your tax return is one of the most valuable financial planning documents you have 

• The difference between tax preparation and tax planning 

• What your financial advisor should be looking for when reviewing your return 

• Tax-saving opportunities that are often overlooked 

• How your tax return can influence retirement planning and investment decisions 

• Why coordination between your CPA and financial advisor matters 
• Questions every financial advisor should be asking after tax season 

Key Takeaway: 

Your tax return shouldn't be the end of the conversation—it should be the beginning. 

When your financial advisor reviews your tax return as part of a coordinated financial plan, it can reveal opportunities to reduce future taxes, improve investment efficiency, optimize retirement strategies, and help ensure every part of your financial life is working together. 

Topics Covered: 

• Financial Planning 

• Tax Planning 

• Tax Return Review 

• Investment Management 

• Retirement Planning 

• Wealth Management 

• Business Owners 

• Information from Shawn Hanquist, CFP® 
• Comprehensive Financial Planning 

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The Fit Wealth Podcast is brought to you by Plan Group Financial, Inc. (PGF) d/b/a Fit Wealth Advisors. PGF d/b/a Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Past performance is not indicative of future results.