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As Albert Einstein notably stated, income taxes are one of lifes hardest things to understand.
Use this to explore options to lower that tax responsibility before year end.
This means you wont have to worry about income taxes until you take out the funds in retirement.
The credit for retirement contributions has ranged between $1,000 and $2,000 since its introduction in 2002.
Tax-loss harvesting also can be used to offset up to $3,000 in ordinary income.
Nash said you’ve got the option to avoid thewash sale ruleby donating stocks.
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Takeaway
Finding and working with a financial advisor is a great idea.
A financial advisor will help keep track of your finances and assist you in attaining your financial goals.
Get to know your Financial Advisor options today for Free!
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