End-of-year tips to maximize your money
Posted
Nov 23 2007, 06:33 PM
by
Karen Datko
Rating:
It's one-stop shopping at Moolanomy if you're looking for "22 money-maximizing moves." Disclaimer: He's not a financial adviser, but he is a thirtysomething guy with a $200,000-plus investment portfolio, and his list of ideas to consider is comprehensive. It includes ways to reduce your 2007 taxes, such as buying business equipment, paying vendors before the end of the year, and increasing your 401(k) and IRA contributions. He also describes several creative approaches to charitable contributions. Did you ever think about donating your old car? It's time to use up your flexible spending account, he reminds us. Why not conduct annual reviews of your insurance coverage and asset allocation? It's also a good time to use rewards from your credit card.
