Consider adding some TIPS, or treasury inflation protected securities to your portfolio. Watch the related WEALTHTRACK episode.
HELP FUND A YOUNG PERSON’S ROTH IRA
HELP FUND A YOUNG PERSON’S ROTH IRA CANNOT FUND MORE THAN YOUTH EARNED THAT YEAR CANNOT BE MORE THAN THE MAXIMUM ANNUAL CONTRIBUTION ALLOWED $5500 IN 2015 $5500 IN 2016 Watch the related WEALTHTRACK episode.
PLAN AN OVERSEAS VACATION TO TAKE ADVANTAGE OF THE DOLLAR’S STRENGTH
Watch the related WEALTHTRACK episode.
TAKE ADVANTAGE OF TAX DEDUCTIBLE GIFTS
Donate appreciated stocks or mutual funds to favorite charity Must have held for at least one year Make bequests during your lifetime Give up to $14,000 per person to as many people as you like without filing a gift-tax return Max out 401(k) plan Watch the related WEALTHTRACK episode.
ASSESS YOUR RISK TOLERANCE WITH A FINANCIAL ADVISOR
Determine the rate of return needed to reach your life’s goals Ask yourself how much you can afford to lose over the course of any given year and reach those goals Understand your emotional tolerance for risk Watch this Episode
RESOLVE TO BE A MORE EFFECTIVE GIVER THIS YEAR
Combine head and heart Get to know: organization leadership programs Ask for: Strategic plan Annual reports 990 IRS form Watch this Episode