5 Year-End Tax Planning Moves to Help You Retire Sooner
December 29, 2020 5:30 AM newsfeedback@fool.com (Sam Swenson, CFA, CPA)
Posted:
Updated:
December 30, 2020 11:54 AM
As we approach year’s end, there’s still a little time left in which you can change your tax situation for 2020, and even more time to think about what it will look like in 2021. Among the key steps to take now: Carefully placing your investments in the proper accounts, calculating how your actions this year will impact your tax bill several months from now, and planning ahead to ensure you have enough liquidity available to pay what you owe.