The last few weeks of the year get busy, but a little attention to your finances now can pay off later. Here are a few items worth reviewing:
- Required minimum distributions. If you're required to take them, make sure they're done on time.
- Charitable giving. If you give regularly, there may be more tax-efficient ways to do it, such as giving appreciated investments or, for those who qualify, giving directly from an IRA.
- Retirement contributions. Check whether you've made the most of your workplace plan or IRA for the year.
- Gains and losses. Reviewing your taxable accounts before year-end can help you manage taxes.
- Beneficiaries. Life changes. Make sure the people named on your accounts are still the right ones.
- Next year's goals. A big purchase, a trip, a gift to family? Planning ahead makes it easier.
Every situation is different, so talk with us and your tax professional before making changes. We're happy to walk through your list with you