7 Year-End Wealth Moves

As we get close to the end of the year, you still have time to improve your financial position with a few well-placed year-end moves.

Maybe because we are working against a deadline, many year-end planning opportunities seem to be tax-related. However, tax moves should be made within the context of your overall long-term financial and investment plan. Hence, make sure to check in with your financial and tax advisers.

Here are seven important areas to focus your efforts to help you make the best of the rest of your financial year.

1. Harvest Your Tax Losses

As of early November, the S&P 500 is up 24% and the Dow Jones is up 18% for the year. Unfortunately, some stocks and mutual funds are still posting a loss for the year. Therefore, it is likely that some items in your portfolio show up in red when you check the “unrealized gains and