Wednesday 27 December 2017

Make these 5 moves now before new tax law kicks in

With the end of the year near and new tax legislation kicking off in 2018, this is the last chance to lower your tax bill or boost your refund come April.
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Straight talk from the money editor
As an advocate for investor education and financial literacy, I continually use my editor's note in this newsletter to, I hope, guide and inspire you to be a more informed investor.
As the year concludes, I will leave you with some points that may seem obvious but bear repeating and are worth thinking about as 2018 rolls in: Max out your 401(k) plan contribution; save 20% of your money; never invest in anything you don't understand; pay down your credit-card debt balance in full each month; be diligent and pay attention to fees in your retirement plans; and create a budget/spending plan and stick with it. Most important, ALWAYS live within your means. Translation: If you cannot afford it, don't buy it.
I wish you all a very healthy and happy New Year!
For more stuff like this, please follow me on Twitter @jimpavia

Jim Pavia
Money Editor
@jimpavia

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