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Year-End Planning

October 20, 2016

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Have you noticed the Christmas decorations already in retail stores? They’ve situated Santa Clause between the Halloween costumes and the Thanksgiving table display. It’s TOO SOON. Wouldn’t you agree? However, it is a good reminder that now is the time to start thinking about year-end planning.

Between now and December 31, there are a few decisions that need to be made. U.S. News made a great checklist, and we’re going to cover each one:

1. Schedule a meeting with your financial planner and accountant
2. Donate to charity
3. Max out retirement contributions
4. Use of FSA (flexible spending account) money
5. Check your beneficiaries
6. Take your required minimum distributions
7. Defer income and accelerate expenses
8. Make 529 plan contributions
9. Consider a Roth conversion
10. Maximize your gift allowance
11. Adjust your tax withholding

We may not be ready for Santa … but we’re definitely ready to get the details out of the way for the holiday season. We hope you are too!

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Check the background of the Firm and the Investment Professional(s) on FINRA’s BrokerCheck.
Advisors associated with Prout Financial Design may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services; or (2) solely investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services, and not affiliated with LPL Financial. Investment advice offered through Capital Asset Advisory Services, LLC. dba CG Advisory Services, a registered investment advisor. Capital Asset Advisory Services, LLC. dba CG Advisory Services and Prout Financial Design are separate entities from LPL Financial.

Dennis Prout and Nathan Prout are solely investment advisors and representatives of Capital Asset Advisory Services, LLC., CG Advisory Services, and is not affiliated with LPL Financial.

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