HIDDEN TAX OBSTACLES IN YOUR PORTFOLIO?

The leaves are beginning to change and fall from the trees. There’s a nip in the air and the sweltering days of summer appear to be behind us. With these changes it may be time to look at your investments. That might include making adjustments to avoid the hidden tax obstacles in your portfolio.

We are now in the fourth quarter, and this may be a good time to begin activities to leverage your tax obligations for the year. Have you spoken to your financial planner recently? How will your investments affect your tax obligations and can you do anything to offset that?

Now is the time to look at your situation so you can take action early. With the holidays around the corner, we are entering a busy time. Many people ignore taxes until the new year. That might be too late to make necessary adjustment to reduce your tax liability.

One of the advantages of using the same person for your taxes and your investing is that he or she can see your whole fiscal landscape. There may be subtle connections between these two aspects of your financial status.

Les Merritt, CPA and Certified Financial Planner (CFP), has been helping clients on both fronts. He and his staff can help make any needed adjustments before the end of the year. Even if you have a different CFP, Les knows the impact of investments and can direct you or your planner to take actions before the end of the year.

Before the holidays get into full swing, contact Les at (919) 269-8553 to get ready for 2019. Don’t let tax obstacles in your portfolio surprise you next year.

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