The seasons are changing, days are shorter, and the end of the year is closing in quickly. We want to help you check off any lingering to-do items on your list. If you have any questions or need help making choices, please reach out to schedule a call with our team.
Items to consider before the end of the year:
- Required Minimum Distributions (RMDs) – For those 73 years old and older, you are required to take distributions from your retirement accounts. If you are not sure if this has been completed, give us a call so we may confirm for you.
- Roth Conversions – If you have funds in retirement accounts, you know that controlling taxes is part of your annual story. Converting funds to a Roth IRA gives the option to help control exposure to taxes in the future.
- Charitable Giving – Gifting during the holidays is not only common within your household but also in the investment world. It is important that any gift request is submitted to our office by December 6th to ensure it is completed in time.
- Maxing out retirement accounts – Anticipating a bonus and don’t need the cash today? Consider maxing out your 2024 retirement account and let it grow over the long term.
The list above is meant to be a reminder to complete all tasks before December 31st. We welcome any and all questions and wish you and yours a warm, happy, and healthy stretch through the holidays and into 2025.
Best,
Garrett