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Dec 6, 2018

In today’s Friends Talk Finance episode, Carrie and Bonnie are back again discussing how you can start to prepare your finances for the end of the year.  Don’t miss out hearing about how to fund all of your tax advantage accounts, using up your FSA Money, the best way to give Charitable Donations  and even great tips to get money back on Holiday Shopping!

In this episode, you will hear:

  • Some life updates from Bonnie and Carrie including Carrie’s Thanksgiving Truck Stop Meal and Bonnie’s Shrink Wrapped Turkey.
  • Why you should max out your tax advantage accounts throughout the year so you are finished by the deadlines including: 401(k), 403(b), and 457(b), Roth IRA, HSA, Solo 401K and Sep-IRA.
  • Don’t forget to use the money in your Flexible Spending Accounts especially if you don’t have the ability to roll over.
  • How you can take advantage of Tax Loss Harvesting to capture losses in your taxable or regular brokerage accounts to reduce your tax burden.
  • The best way to be smart about Charitable Donations and how the new tax law this year affects this.
  • Why the end of the year or start of the new year is a good time to start thinking about rebalancing your portfolio for the year.
  • How to start your Estate Plan and create a will if you don’t have one already.
  • Holiday Shopping Tips including accumulating the most points on your credit cards from your purchases and using Ebates for cash back.

Links we discussed in the show:

Special thank you to this week’s show sponsor: Set for Life Insurance! If you are in need of life or disability insurance, or if you need a second opinion to be sure you are insured appropriately, call Jamie Fleischner at Set for Life!

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