It's the start of a new year, which means tax documents will start coming soon. As these come in the mail, collect them in one safe spot so you can have them together when you're ready, or have them assembled for your tax preparer.
If you're nearing retirement age, it's also important to take a look at those accounts. For the most part, retirement accounts are tax deferred, and when it's time to use them, you'll be taxed on that money. Tax Liability can be a threat to your retirement.
Finley Alexander Wealth Management offers a tax impact calculator that makes it easier to see your long term tax payments.
Learn more here.