Make Time for These Year-End Tax Moves
No images? Click here By Elizabeth O'Brien | Nov. 13, 2022 Every year, the holidays arrive quicker than the last. Fall flew by in a flash, and suddenly I’m ordering Christmas stamps and wondering how much to budget for gifts this year. Another item on my seasonal to-do list? Meeting with my accountant to make sure a Roth conversion makes sense for me. This year offers the best opportunity in recent memory to save money with year-end tax moves. Roth conversions are one of them — converting your traditional, pre-tax IRA into a post-tax IRA — since market declines mean you’ll convert a smaller account balance and owe less in taxes as a result. But Roths aren’t the only move to consider. Today’s edition looks at strategies to consider before we ring in the New Year. Market Losses Can Reduce Your Tax Bill for Years Market declines have created a bumper crop for year-end tax-loss harvesting. Preferred Securities Are Giving Good Dividends Right Now Here's what to know about these preferreds that are part stock and part bond. Inflation Tends to Linger. Could It Last a Decade This time?While the Fed and the markets expect inflation to abate next year, history is not on their side. The Biden Administration Is No Longer Accepting Student Loan Forgiveness ApplicationsThe program suffered a setback in a Texas court on Thursday. It's Time to Scoop Up Munis. They Offer Yields You Don't Want to Miss.Yields are at the highest levels in 15 years. *** Stay on top of the tech trade with a daily rundown of top-performing tech stocks and the big names making news. Sign up for the Tech Report newsletter by Investor's Business Daily here. This mailing was sent to aymentanaze.news@blogger.com, . |
Commentaires
Enregistrer un commentaire
Thank you to leave a comment on my site