We’ve still got a couple of months left in 2018, but it’s not too soon to start thinking about some year-end investment moves that might benefit you.
First, put more money into your IRA, if you haven’t already reached the limit of $5,500, or $6,500 if you’re 50 or older. You have until April
15 to fully fund your IRA, but why wait until the last minute?
Also, if your employer allows it, bump up your contributions to your
401(k) or similar retirement plan.
And if you experienced a major life event in 2018, such as a marriage, the addition of a child or even a new job, you may need to adjust your investment plans or strategy.
Finally, review your investment mix to ensure it’s still suitable for your goals and risk tolerance. Over time, the changing values of individual investments can cause your portfolio to become over-weighted in one way or another, so you may need to do some rebalancing.
These aren’t the only year-end moves you may want to consider, but they can help you close out 2018 on a positive note.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.