As the year winds down, it’s the perfect time to take strategic action to preserve your wealth, optimize your tax exposure, and build a lasting legacy. Whether you're focused on growing investments, giving with intention, or preparing for the future, these year-end moves can help you finish strong. Here are four key areas to review:1. Portfolio Rebalancing
2. Tax Optimization
3. Charitable Giving
4. Legacy Planning
Before year-end, coordinate with your financial advisor, CPA, and estate attorney to ensure your plan is aligned and optimized. These steps can help you enter the new year with clarity and confidence. |
Rebalancing may be a taxable event. Before you take any specific action be sure to consult with your tax professional.
Cetera exclusively provides investment products and services through its representatives. Although Cetera does not provide tax or legal advice, or supervise tax, accounting or legal services, Cetera representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice.
A diversified portfolio does not assure a profit or protect against loss in a declining market.
Converting from a traditional IRA to a Roth IRA is a taxable event.
Generally, a donor advised fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor's representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Donors take a tax deduction for all contributions at the time they are made, even though the money may not be dispersed to a charity until much later.
Investors should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. This information is found in the issuer's official statement and should be read carefully before investing.
Investors should also consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s 529 Plan. Any state-based benefit should be one of many appropriately weighted factors in making an investment decision. The investor should consult their financial or tax advisor before investment in any state's 529 Plan.