As we all know, the end and beginning of the year are chaotic times. Between the holidays, visiting friends, family, and buying gifts… we are all bombarded with information, deadlines, and requirements.  I’m no different… some of it I respond to or jump on immediately.  Other times, I’m guilty of pushing things to the back burner. Unfortunately, tax season also rears its head around this time and is not a back-burner item, so we want to ensure everyone has their retirement ducks in a row before more chaos ensues. 

Before the year ends, investors should take a look at their 401(k) or Roth and Traditional IRAs and see if there’s anything that needs adjusting, and that includes your contribution amount. 

Just like you should give your retirement portfolio a once-over, do the same with any taxable accounts so that your investment portfolio stays aligned with your goals and your desired asset allocation. 

So, in the most recent installment of the IRA Café, we discussed some year-end hot topics like QCDs (Qualified Charitable Distributions), RMDs (Required Minimum Distributions), and FMVs (Fair Market Valuation) and other acronyms from A to Z – to prepare you for the end of 2023 and beginning of 2024. 

Webinar recording link via Zoom 

To learn more about end of the year financial housekeeping tasks, interested parties can seek out the post at www.AmericanIRA.com, where American IRA regularly updates its blog with information about retirement investing, private notes, and more. Additionally, call American IRA directly by dialing 866-7500-IRA(472).