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6 Financial To-Dos before the end of the (Longest) Year
Manage episode 224169228 series 1337622
Before 2018 closes out, we give you a list of a few things you should do wrap up your finances before the end of the year.
Here's a few things to try to handle before the clock strikes midnight:
- Make sure to review your charitable giving priorities, if you’re likely to itemize your tax deduction. This is where things are different than previous years. Remember that the standard deduction this year doubled - now $12,000 from $6,350 and for married filers to $24,000 from $12,700 - meaning the 31st deadline is less important.
- If you haven’t signed up for health insurance yet, please do so before your deadline (12/15 on healthcare.gov, otherwise it varies)
- If you get an FSA and it doesn't roll over (most don't) make sure to use it before the end of the year!
-If you haven’t yet reached your goal for retirement contributions - either your IRA or your 401K/403B, now is the time to stuff them full if it's in your budget.
- Figure out your tax withholding and adjust for next year it's too high or too low - here's a Kiplinger's calculator to figure out if you're withholding too much.
- Do a big overhead view of your budget categories from your spending this year!
Ask us a question!
We love hearing from you! Email us your financial worries or victories at questions@ohmydollar.com or tweet us at @anomalily or @ohmydollar
This show is made paw-sible by listeners like you
We absolutely love our Purrsonal Finance Society Members, the folks that generously support Oh My Dollar with $1 or more a month on Patreon – and have made is so we have free, full transcripts for every show on ohmydollar.com
This episode was underwritten by patron Tamsen G Association and Surreptitious Huggermugger Foundation. To learn more about being part of the Purrsonal Finance Society and get cool perks like exclusive livestreams and cat stickers, you can visit ohmydollar.com/support
An Easy Way to Help
Our iTunes review drive is going on right now! It takes less than 10 seconds to click a star, it’s totally free, can you help us out? Click here to leave a review: https://itunes.apple.com/us/podcast/oh-my-dollar/id1189980636?mt=2
Other Episodes You might Find Relevant:
– What money goal should you focus on next year?
- How to choose a health insurance plan during open enrollment
Learn more about your ad choices. Visit podcastchoices.com/adchoices
137 episodes
Manage episode 224169228 series 1337622
Before 2018 closes out, we give you a list of a few things you should do wrap up your finances before the end of the year.
Here's a few things to try to handle before the clock strikes midnight:
- Make sure to review your charitable giving priorities, if you’re likely to itemize your tax deduction. This is where things are different than previous years. Remember that the standard deduction this year doubled - now $12,000 from $6,350 and for married filers to $24,000 from $12,700 - meaning the 31st deadline is less important.
- If you haven’t signed up for health insurance yet, please do so before your deadline (12/15 on healthcare.gov, otherwise it varies)
- If you get an FSA and it doesn't roll over (most don't) make sure to use it before the end of the year!
-If you haven’t yet reached your goal for retirement contributions - either your IRA or your 401K/403B, now is the time to stuff them full if it's in your budget.
- Figure out your tax withholding and adjust for next year it's too high or too low - here's a Kiplinger's calculator to figure out if you're withholding too much.
- Do a big overhead view of your budget categories from your spending this year!
Ask us a question!
We love hearing from you! Email us your financial worries or victories at questions@ohmydollar.com or tweet us at @anomalily or @ohmydollar
This show is made paw-sible by listeners like you
We absolutely love our Purrsonal Finance Society Members, the folks that generously support Oh My Dollar with $1 or more a month on Patreon – and have made is so we have free, full transcripts for every show on ohmydollar.com
This episode was underwritten by patron Tamsen G Association and Surreptitious Huggermugger Foundation. To learn more about being part of the Purrsonal Finance Society and get cool perks like exclusive livestreams and cat stickers, you can visit ohmydollar.com/support
An Easy Way to Help
Our iTunes review drive is going on right now! It takes less than 10 seconds to click a star, it’s totally free, can you help us out? Click here to leave a review: https://itunes.apple.com/us/podcast/oh-my-dollar/id1189980636?mt=2
Other Episodes You might Find Relevant:
– What money goal should you focus on next year?
- How to choose a health insurance plan during open enrollment
Learn more about your ad choices. Visit podcastchoices.com/adchoices
137 episodes
All episodes
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