Nicole Middendorf, wealth advisor from Prosperwell Financial, has come up with some financial tips to keep you in financial shape for the end of the year.
- Consider making a donation to help with your tax deductions.
- Max out your retirement plan whether it is your 401k, IRA or your SEP IRA if you own your own business.
- Don’t overspend this holiday season. Pay with cash and set a budget. You don’t want to start the new year swimming in holiday credit card debt.
- Remember to take your RMD before the end of the year if you are over 70 ½.
- Tax Loss Harvesting – Sell your stocks at a loss to help offset gains