The year is coming to an end… make sure you have your year end planning done soon so that your investments & portfolio can be ready to roll in 2012.
Things to consider:
- Roth Conversions- get your IRA into a Roth for tax-free growth!
- Required Minimum Distribution (RMD’s) – Many of you need to take a distribution from your IRA, this needs to be done by year’s end.
- With a Roth IRA, you won’t have to take money out every year, it grows tax-free.
Nationally, the rate on a 5 year CD is about 1.50%- not very good at all. With taxes and inflation, you are now losing money to put your money in a CD. There is an alternative – give me a call and get a CD that can potentially earn much more!
Make sure to tell all your friends about this – they may be struggling with CD’s as well, and I can help.