The Clock Is Ticking On Year-End Tax Moves

Tick, tock, tick, tock.

Do you hear it? That’s the sound of time running out.

We talked with financial journalist Robyn A. Friedman of City & Shore Magazine to share smart year-end tax moves that can save people money.

“It’s not too late to review your tax situation for 2019 – or too early to start planning for 2020,” writes Robyn.

Here’s 5 great tax strategies you can put into place before year-end that can slash your tax bill:

  • Max out your deductions by funding workplace retirement plans.
  • Cut capital gains by selling any investments at a loss.
  • Set up a new retirement plan if you’re your own boss.
  • Make charitable contributions to score a deduction.
  • Convert funds in your traditional retirement accounts to a Roth IRA.

Want more info? Check out Robyn’s article or give us a call. We’ll be using these strategies to cut taxes for clients from now until year-end.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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