Paul Schatz , President of Heritage Capital LLC has these tips for your year end finances.
Top 10 Financial Tips for Year-End
- Do a dry run through of your tax return
- Harvest capital losses
- Recognize capital losses up to $3000
- Beware of mutual fund distributions
- Max out your 401K contribution
- Take your RMD
- Defer bonus
- Donate your RMD to charity
- Donate to charity
- Spend FSA
- Fund 529
- Gift up to $15,000
