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Eye on Money January/February 2024

Eye on Money January/February 2024

January 02, 2024

We invite you to check out the new issue of Eye On Money! Inside are articles on:

  • What to do in the year before you retire.  The decisions you make in the year before retirement regarding your retirement accounts, pensions, Social Security, and other retirement resources may impact you for the rest of your life. These tips and considerations can help with those decisions.
  • Self-employed? You may be able to lower your 2023 taxes with a SEP IRA.  Because this type of small business retirement plan can be set up and funded as late as the due date for your business income tax return, including extensions, there may still be time to make deductible contributions for 2023 that reduce your 2023 taxes.   
  • How to save more in ‘24.  If you’ve resolved to save more this year, these tips may help.
  • RMDs and designated Roth accounts.  For 2024 and later years, owners of designated Roth accounts in 401(k), 403(b), and 457(b) retirement plans no longer have to take RMDs from these accounts.

 Also in this issue, you can learn about rebalancing your portfolio, repaying student loans, important financial deadlines, and how stock funds are categorized. Plus, you can travel vicariously to Berlin, Germany, discover six national parks for incredible stargazing, and see how much you know about Philadelphia.

If you have any questions, please make an appointment in our calendar.

Eye on Money January/February 2024

For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither First Allied Securities nor any of its representatives may give legal or tax advice.