As the year draws to a close, it’s time to take one final look at your finances and your estate plan. This will help you not only tie up any loose ends before December 31st but planning now will also help you start the new year off on a solid foundation. Here are a few year-end moves to consider making: ✅Update beneficiary designations - If you still have an ex-spouse listed on your life insurance or retirement accounts, or a loved one who has already passed away, you’ll want … [Read more...]
Planning Is Important
Planning is important. End-of-year tax planning is one part of that planning. This year you should also consider whether you’ve had any payroll tax withholdings deferred. If your employer deferred those withholdings, you’ll have more money withheld next year than usual. That means you’ll have less money for other things, like IRA contributions. Read on to learn more. … [Read more...]
