In November and December, most of us are busy making holiday plans and taking care of last-minute financial to-do’s, like making charitable donations and using up our flexible spending account funds. But there’s one thing people often don’t do at the end of the year that they should. In this Instablog, Russ explains what that is.
You can watch this video and others on the Voice Wealth Management YouTube channel.
Transcript:
Hi, I'm Russell Rivera, founder and president of voice wealth management. And as we head towards the end of the year, and to November, December, holiday time, obviously the holidays could take a lot of energy away from us. But also, we start have to start thinking is we can prepare for our holiday plans, travels, whatever that might be that we also take care of our financial situations. So that might mean last minute charitable, charitable deductions, amongst other things, taking money from flex spending accounts and make sure you're using that for your health care if that's available to you childcare accounts, if that's available to you.
But regardless, one thing that a lot of people don't do, that might make sense to do is to call their tax advisor to discuss these issues this time of year. Two things. One, they should want to help you too. They're not busy. They're not really busy, right? They're not doing tax returns now. So make sure you give your tax advisor a call and figure out and just go over your financial situation with your tax advisor. And or if you have a financial planner, you do that with them to get them on the line so that anything that they can do together to help make your tax situation better for this year, that they help you do it. That's what that's for me. Thanks for watching this Insta blog. I'm Russell Rivera, founder and president of voice wealth management. See you next day.
Russell D. Rivera, CFA, CFP® is the Founder and President of Voice Wealth Management (Voice) in New York, NY. He also likes to think of himself as a Personal CFO and Financial “Therapist” for entrepreneurs, young professionals, and their families. He helps clients make prudent financial decisions regarding spending, saving, investing, and planning while giving a voice to the individual client's financial priorities and experiences.