The end of the year provides a number of planning opportunities and issues for investors.

Year-end topics can include tax planning, investment and retirement accounts, charitable giving, cash flow and savings, insurance and estate planning.

In this checklist, we cover a number of planning issues that you should consider prior to year-end to ensure you stay on track including:

  • Various issues surrounding investment and retirement accounts including matching capital gains against any investment losses in taxable investment accounts and confirming that all RMDs are taken.
  • Tax planning issues including strategies dependent upon your prospects for higher or lower income in the future. You will also want to review where you sit relative to your tax bracket as this is a good time to make moves to fill out brackets for the current year that also might prove beneficial down the road.
  • If you are charitably inclined, there are several strategies that will also help reduce your tax liability that can be considered based upon your situation.
  • If you own a business, tax reform has created some opportunities surrounding pass-through income from the client’s business to their personal return. Accelerating or deferring business expenses presents another solid planning opportunity.
  • Review your cash flow situation as you near year-end to see if your can fund a 529 plan for children or grandchildren or to see if you can save more in an employer-sponsored retirement plan like a 401(k).