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Year-End Financial Planning To-Dos for Investors
Source:
morningstar.com
- Oct 14, 2016
hristine Benz: Hi, I'm Christine Benz for Morningstar.com. The fourth quarter will soon be upon us. Joining me to share some year-end financial planning to-dos is Tim Steffen, he's director of financial planning for Baird.
Tim, thank you so much for being here.
Tim Steffen: Thanks, Christine.
Benz: So we are hurtling toward the fourth quarter of 2016. Let's talk about some things that investors should have on their radars as they are kind of looking at their portfolios and assessing their tax situations. Let's start out with taxes. For 2016 are there any big changes that people should be aware of?
Steffen: It's been another quiet year overall on the tax law front, not a lot of significant changes. I guess the big thing we've had is we've had some more permanency of some of the things that had in the past had been expiring on an annual basis. So things like charitable giving from IRAs and teacher expenses, out-of-pocket expenses, and some of the other extenders bills that we've always had the last few years. That's all been permanent now. So we are good on those. So if anything there's a little more certainty this year and going forward. But in terms of significant changes it's been pretty quiet.
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Category: General Business
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