Schwab's Year-End Moves to Reduce Your Taxes

Tuesday, December 30, 2003 | 11:16 AM

schwab_logo.gif

Good advice from the nice folks at Charles Schwab online brokerage:

10 Year-End Moves to Reduce Your Taxes

1) Harvest your investment losses in taxable accounts by Dec. 31 to offset any capital gains;

2) Max out on contributions to your qualified employer retirement plan and IRA;

3) If you're self-employed, open a business retirement account such as a SEP-IRA, SIMPLE IRA or qualified retirement account (QRP)/Keogh;

4) Open and contribute to a Roth IRA;

5) If you make quarterly estimated tax payments to your state, make your fourth-quarter payment by Dec. 31 instead of waiting until the New Year;

6) Prepay the second installment of your property tax by Dec. 31;

7) Make January's mortgage payment in December;

8) Open and fund a 529 college savings account;

9) Donate appreciated securities you've held for more than one year to a qualified public charity;

10) Consider postponing the exercise of incentive stock options (ISOs) until January.

These are just the bullet points --each topic is given the full treatment at Schwab's site. Check it out . . .

via Schwab.com

Tuesday, December 30, 2003 | 11:16 AM | Permalink | Comments (0) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83502ea3d53ef

Listed below are links to weblogs that reference Schwab's Year-End Moves to Reduce Your Taxes:

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner