The end of the year will be here in no time! Here are 15 year-end questions for you to consider. Not all will apply to you. Some of you will have others specific to your situations.
- Are my estimated tax payments current?
- Should I make a Roth or IRA contribution before year-end?
- What about a Roth conversion?
- What about my RMDs this year? (Most of these have been processed by now. Did you forget any?)
- Does it make sense to take more than my RMD?
- How do I handle this money I’ve inherited?
- For those 70 1/2 and older, should I do a QCD?
- What is the cost basis of my investments? Should I take losses or gains before year-end?
- How do I maximize my charitable contributions?
- Should I donate stock this year?
- Do you need more money next year than we’re currently sending you?
- Do you anticipate any larger than normal expenses in the next 12 months?
- Should I be gifting money to family this year?
- Have you maximized your HSA contributions for the year ($7,750 for families and an additional $1,000 catch-up for 55 and older). This money grows tax-free!
- Should I be updating my estate planning?
Do any of these ring a bell? If so, let’s find time to talk soon. Send us an email and we’ll get you scheduled for a quick call.
