Budget for holiday shopping and gifts before spending. Review retirement contribution amounts and limits for the current year. Set budget and financial goals for the upcoming year. Evaluate tax planning strategies such as Tax Loss Harvesting, Charitable Contributions, and Roth Conversions. Review health insurance coverage or employee benefits, if needed. The end of the
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NOTE ABOUT IRA TO ROTH IRA CONVERSIONS: Each year, we recommend that our clients consider converting money from an IRA to a Roth IRA. Because of our national debt, we believe that taxes will need to be raised in the future, and tax brackets will correspondingly be much worse. If you are in the 12%
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Dollar Cost Averaging is the technique of systemically funding and investing savings based on a recurring timeframe. This strategy is used to avoid complications with attempting to time market bottoms and tops. We also believe this is a beneficial strategy from a behavioral perspective as funding is often incorporated into a monthly budget. Market
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Perform exceptionally well at your current employer and be rewarded with an appropriate raise. Always be looking for another employment opportunity that includes higher pay. Pick up a second job or acquire a passive income stream to supplement your current income. The recent highs in inflation have caused many individuals and families to
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SPECIAL NOTE ABOUT TD AMERITRADE STATEMENTS AND CONFIRMATIONS: If you recently started receiving additional mail from TD Ameritrade, it may be because you haven’t logged into your online account and confirmed your mailing preferences since TD Ameritrade and Charles Schwab are in the process of merging. When you get a chance, please log in to: www.advisorclient.com
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