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10 Tips to
Consider Before Year End
~ A Note from
Gil Davis, CPA / PFS ~
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Contributions to
a college savings plan are now deductible for Pennsylvania tax
purposes. |
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If you're over 70
1/2, you can now make charitable contributions directly from
your IRA and possibly save significant Federal taxes. |
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If you're an
employer with a 401(k), you should be considering the new Roth
contribution option for your plan. |
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If you are an
employee and your 401(k) plan has a Roth feature, you should be
considering this option. |
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Alternative
Minimum Tax will apply to more taxpayers than ever before in
2006. Consider having a projection done so you are not caught by
surprise. |
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Don't forget to
rebalance your retirement assets at least once a year. |
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My favorite new
car for the year is the Toyota Camry, but don't buy it new.
(p.s. And a hybrid of any kind is still not a good deal). |
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If your wills,
health care affidavits, and powers of attorney are more than 5
years old, consider having them updated. |
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Want to save
MORE?! Prepare a budget and review your spending. This is
critical for businesses. |
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If you've never
had a financial plan prepared, take a walk on the wild side and
call me (412-881-4411). They're painless and free if you mention
this email. |
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BONUS |
Do something nice
for someone. The returns will far exceed anything I could
generate for you in the stock market. |
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For help with these or any other
mystical advice,
contact:
- Gil Davis, CPA,
PFS
Director of Financial Services
CSD Financial
(412) 881-4411
Davis@CaseSabatini.com
|
www.CaseSabatini.com
Disclaimer: To ensure
compliance with requirements imposed by the Internal Revenue Service, we
inform you that any tax advice contained in this communication (including
any attachments) was not intended or written to be used, and cannot be used,
for the purpose of (i) avoiding any penalties that may be imposed, or (ii)
promoting, marketing, or recommending to another party any transaction or
matter addressed herein. |