Stacy Francis Featured Article on Kiplinger: Seven Year-End Financial Tasks to Check Off Your To-Do List
By: Stacy Francis
November 19th, 2023
Stacy Francis, President and CEO of Francis Financial, reminds readers that while the end of the year is chockful of important things to do, don’t let these seven fall through the cracks. You’ll thank yourself in 2024.
We are now well past the Oct. 15 tax deadline, which means the best time for both tax and retirement planning is now. Accountants have more time for tax-planning meetings, and as 2023 wraps up, you can reflect on the year and still make changes to certain financial matters. Here are some things you may want to consider in your year-end tax and retirement review.
Taking the time to analyze your portfolio toward the end of the year is important to determine if you can offset taxable income by harvesting capital losses. You may also have tax-loss carryforwards that can reduce your 2023 tax bill. Ask your adviser to see if tax-loss harvesting may improve your situation.