Spend a Little Turkey Day Time on Year-End Planning

by Marc Bastow | November 19, 2012 1:07 pm

I know, I know. Turkey Day is on your mind. No matter if you’re one of the expected 43 million travelers hitting the road[1], or if you’re just staying at home with family and friends — the bird and fixin’s are just days away.

But while you pick at the leftovers this weekend, try to think (and talk) about something coming up pretty quick itself: end-of-year tax, investment and retirement planning.

It’s a buzzkill, but it’s important — and since you’re probably about to load up on Christmas holiday stress, this weekend might be a good time to get it out of the way.

U.S. News & World Report‘s Scott Holsopple provides a useful checklist for end-of-year planning[2], helping people tie up loose ends in 2012 with forward thinking for 2013, all in nice, small bites.

A few to take to heart:



All great ideas, and all worth discussion in the near future. And I’ll add a few more suggestions of my own.

Whether you are gaining quickly on retirement, or whether you are just starting out, these kinds of exercises go a long way toward fiscal sanity. So relax, take that turkey-induced nap, then take a little time to plan for the future.

  1. 43 million travelers hitting the road: https://investorplace.com/2012/11/hitting-the-road-for-thanksgiving-weekend/
  2. useful checklist for end-of-year planning: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2012/11/06/heres-your-year-end-retirement-checklist
  3. possible differences in tax rates: https://investorplace.com/2012/11/dividend-investors-dont-panic-tax-rate/
  4. glaring, unintentionial overweights: https://investorplace.com/2012/11/think-you-arent-overweight-in-exxon-think-again-xom-ge-msft-aapl-cvx/

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