Fact Check Your Investments
January 20, 2011One of the (many) aspects of my job is being part of our ongoing fact checking process. We are constantly staying on top of the latest in tax law changes that can encompass everything from retirement plan limits to education and estate planning issues. Needless to say we are kept busy!
The advantage of consistently fact checking our material is it provides our clients with the most recent information so that they can make more informed financial decisions. Items like annual gifting and IRA contribution limits often get changed but go undetected by many investors. Staying on top of these ever changing limits will allow you to fully capitalize on any tax advantages you might have missed.
So what can you do to “fact check?” Start by doing a Google search each year and type in “new tax law changes for 20XX.” That will give you a good start and allow you to pick a resource that you prefer. Or you can simply go to the IRS Newsroom to get updated tax information. The bottom line is that by being up to date you know you won’t be missing out on anything that has changed and you’ll get a taste of what we get to do!