Yahoo Finance
For many people, summer is the optimal time to relax.
But it can also be a huge window for tax-planning purposes.
At this stage of the year, you may have a clearer picture of your income, which could lead to more strategic decisions on your part.
So rather than wait until the end of the year to make some key tax moves, put these items on your radar now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.Continue » It's easy to underestimate how quickly the year moves once fall arrives.
That's why mid-summer is a good time to check your retirement savings progress.
If you're contributing to anIRAor 401(k) and are hoping to max out or hit a certain goal, take a look at how much you've saved to date.
If you're behind, you still have multiple months to increaseretirement plancontributions gradually rather than scramble in December.
And if you're age 50 or older, don't forget about catch-up contributions.
They can significantly boost your retirement savings, and you don't need to be "behind" on savings to make them.
If you have money in a traditional IRA or 401(k), summer is a great time to evaluate whether a Roth conversion fits into your strategy.
A Roth conversion involves moving money from a traditional retirement account into a Roth IRA, where future investment gains and withdrawals are yours to enjoy tax-free.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment