Daniel Beckerman, CFP recently appeared on HealthyLife’s News@7 radio broadcast to discuss some last-minute tax tips.
He is president of Beckerman Institutional, a registered investment adviser, and manages the Asset Allocation portfolio on Covestor.
Beckerman outlined the annual maximum limits that investors can contribute to their traditional and Roth IRAs before April 15. He also covered the differences and deadlines of IRAs and 401(k) plans.
Additionally, Beckerman said that contributing to a 401(k) may be a better option than an IRA, especially if the employer is offering matching in the 401(k) plan.
“This is free money,” he told News@7. “It amazes me when I come across people who aren’t taking advantage of matching.”
Finally, Beckerman touched on tax strategies that investors can use throughout the year, such as tax-loss harvesting to offset capital gains, and which accounts investors should hold dividend-paying stocks.
The full interview is embedded below:
Photo credit: joshuapicauly via Flickr Creative Commons.
DISCLAIMER: The information in this material is not intended to be personalized financial advice and should not be solely relied on for making financial decisions. Neither Covestor Limited nor its representatives are engaged in rendering tax, accounting or legal advice. A qualified professional should be consulted regarding the effect of such considerations on the matters covered in this article. Past performance is no guarantee of future results.
