We tell ourselves that we will get to it, tomorrow. Just like our pledge to increase our time in the gym, those New Year’s resolutions we make about reviewing our financial plan disappear from our radar by Valentine’s Day. Then we push it out until we get our taxes done. Then we promise to look at it after our vacation to Myrtle Beach. Feeling guilty that we missed that self-imposed deadline, we start stressing about what we don’t know about the new tax laws and how it will affect us when we file in 2019.
Fortunately for anyone who has procrastinated, there is still time to evaluate three areas of your finances before the end of the year. Our advisors are meeting with clients to discuss three specific areas to make tax-smart moves before year end:
- Required Minimum Distributions
- Tax Cuts and Jobs Act
- Gift Planning