Money: Year End Tax Moves to Make Now
Retirement doesn’t mean you no longer have to worry about taxes. Quite the opposite – it’s a time when you need to pay extra attention to taxes.
The Required Minimum Distributions, tax-deferred retirement savings, capital gains and all the talk about Roth IRA conversions moves tax planning to the top of your to-do list.
And that doesn’t mean wait till the end of the year. Sit down with your financial team – your accountant, financial planner and tax attorney – now to prepare for the most efficient tax planning for 2024.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
