Note the tax loss deadline. You have until December 31 to harvest any tax losses and/or offset any capital gains. It may be advantageous to time sales in order to maximize tax benefits this year or next. We may also want to book gains and offset with any losses.
In 2020, because of a provision in one of the COVID relief bills, you didn’t need to take your RMD. Not so this year (2021). The regular rule has returned and, for many investors the RMD is big.
This infrastructure bill should also create numerous jobs in many parts of the country. Projects ranging from replacing lead pipes in water systems and repairs to bridges will now move from the planning stages to actual physical improvements
Schools are happy to tell you their stats. You've heard about their ranking, acceptance rate and graduation rate. But what might your child's student loan payback look like after attending for four years and earning that diploma?
Roth conversions have been around for years but many investors take a pass when they see how much tax they’ll have to pay to do a conversion. This year may change all that. With tax rates likely headed higher soon, the benefit of converting your IRA to a Roth now may pay off in the long run.
Catch-up contributions can be a great way to make up for lost time when it comes to retirement savings. Are you eligible?