Ep #4 Do this now, before the end of the year!

Do this now, before the end of the year! There are certain things you need to do to take advantage of before the year’s end. Flexible Savings Account:  If you don’t use it, you may just lose it. Health Savings  Account: Are your maxing it out? And are you investing It? Required Minimum Distributions (RMD) – Don’t forget to take it or you may be penalized. Qualified Charitable Distributions: Now is a great time to contribute to a charity using your RMD. Tax loss harvesting: In a year like we are having, it could be a good time to sell securities for a loss to get a deduction. But be aware of the wash sale rule. Capital gains distributions: Be careful of what mutual funds you buy toward the end of the year as they may have a capital gains distributions. Health insurance: Don’t glaze over your options and consider ACA if your income is lower. You could qualify for a subsidy. Roth Conversions: Is now a good time to consider a roth conversion? When markets are low it could mean a great opportunity.For the video version of this podcast click here: https://youtu.be/-X_aMPhNwyEHelping you to be wise with your money!To see more videos discussing personal finance Subscribe:https://www.youtube.com/channel/UCbDA...For more resources: 👉   https://wfa-nc.com/insights 📝 Get your Free Retirement Plan checkuphttps://wfa-nc.com/retirement-plan-ch...To schedule a complimentary consultation with me: 👉...