End of 2017 tax planning I Insightful Investing

 

November 8, 2017



Here are a few end of year tax planning ideas. Some of these ideas are very familiar and perhaps some are not.

My primary business is investment advice, and not taxes, yet I do know some tax strategies that may help you keep more of your own money. Consult your tax expert before taking any action.

1. Consider a Roth IRA. If you have maxed out your 401(k) for the year, consider contributing to a Roth IRA. The Roth IRA is an account the government allows some people to contribute to. The benefit of a Roth account is that the distributions are never taxed as income. This is because you contr...



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