As we approach April 15 and you work on preparing your taxes, it’s a good time to review the effect proper estate planning can have on them. There are three items you will want to check on before filing your taxes, including the new Thrift Savings Plan (TSP)/401(k) contribution limits. You will also want to determine whether you should be saving using a traditional or Roth IRA. Finally, you should learn about how where you reside (or where you have your official residency) impacts your taxes.

To discuss these tax concerns and more, Sarah Bumgardner, AAFMAA Director of Partnerships and Member Engagement, spoke with Brittany Benassi, Vice President of Financial Planning at AAFMAA Wealth Management & Trust LLC in Fayetteville, North Carolina. Benassi is a Certified Financial Planner (CFP) who works with clients to define and attain financial goals. Prior to joining AAFMAA, she worked in real estate contract administration. A military spouse, Benassi earned a B.B.A from Campbell University’s Wealth Management & Trust program.

To learn more about estate planning and how you can work with an AAFMAA professional on your financial plan, watch the discussion below.