How to Save Money on Taxes When you Contribute to Charity from an IRA
“I’m proud to pay taxes in the United States; the only thing is, I could be just as proud for half the money”
“I’m proud to pay taxes in the United States; the only thing is, I could be just as proud for half the money”
One of the last things people think about when they are looking at making a career or job change is what to do with their 401k if they leave. Unfortunately, many employees make a poor choice instead of considering other smarter alternatives. Perhaps they are not aware of their options.
"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves"
Lost among all the competing news is national debt statistics like these: $34 Trillion in national debt. That equates to almost $102,000 for every citizen in this country! That debt is largely in the form of outstanding bonds with interest which now averages about 3.15 percent – up from 1.56 percent in January 2022.
“Coulda-woulda-shoulda” stories investors tell themselves are critical aspects of how markets function and why they sometimes behave “irrationally”.
As you put bows on presents you are wrapping for others – don’t forget to put a bow on your taxes for 2023! Here’s a list of things you can do between now and the end of the year to either reduce taxes or put yourself in a better position financially going into 2024: