Year End Portfolio Moves You Can Still Make – and Early 2019 Recommendations for You

Summary: This week on the Wise Investor Show, the group discusses Year-End Actions to Consider: Still have one full trading day left in the year for: Harvesting Losses, harvesting gains, where appropriate; Roth IRA conversions if you're going to do them, especially if you think your investments have been treated unfairly by the market. Early 2019 Recommendations: (1) Increase your 401(k) contributions, based on 2019's increased contribution limits; (2) find out if your company match is tied to HOW you contribute, and if so, adjust accordingly to not leave any free money on the table; (3) Put together or Update your financial plan so you can answer all of the questions I posed in the show; (4) consider having a family meeting between you, your adult children, and your financial advisor, sharing only what you're comfortable sharing, using this is as an opportunity to pass along your family values. To reach Greg Smith, call 571-203-1600. We manage investments for our clients. We'd be happy to help you plan your investment goals.