Rich Ideas – Year-End Financial Housekeeping

by Belinda Rosenblum

With the flurry of the holiday season, it is easy to overlook some strategic financial housekeeping that can be your present to yourself for years to come. Here are some resources that we have found helpful:

Year-end is in sight . . . Do you have financial housekeeping to do?

Here are some timely tips, and follow this link for the full article:

Review your Benefits ~ Asset Allocation ~ Automate your New Years Resolution ~ Ask for a Budgeting Program ~ Analyze your Debt. Give.

Is now the time to convert from a Traditional IRA to a Roth IRA?

It very well could be! If you are in a lower tax bracket in 2008 than you expect to be in the future, and especially if you expect to be in a 15% tax bracket for the 2008 tax year, you can use this current market downturn to your advantage by converting a portion (or all) of your traditional IRA to a Roth IRA and then letting the market appreciation grow tax-free.

Check out these resources from and my fellow Financial Therapist – Rick Kahler, CFP for more details.

Originally Published on December 2008

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