December is here and it means that 2008 is just around the corner. Most people tend to start relaxing and enjoy the holiday celebration. With work starting to slow down, it is the perfect time to start looking into a few things before the year is over!
Roth IRA – If you haven’t already done so, start contributing up to $4,000 ($5,000 if you are 50 or older) for the year 2007. The deadline is April of 2008 for this year’s contribution, but don’t put it off as April will be here before you know it.
401k – You should at least look at your 401k plan periodically to see if there are any adjustments that need to be made. You should also consider increasing your contribution percentage for next year so you can save more money! Those that recently got a raise should seriously consider this because you won’t know the difference of contributing more as your take home money would not decrease.
Another thing to check your 401k plan for is your asset allocation. It is always a good idea to review your fund selections to make sure it matches with your objectives. Consider seeking financial advice here too as your 401k often provides this for free!
2007 and 2008 Goals – Those that made financial goals for this year should check to see if you are on track to make them since you should know by now. It is always a great time to start thinking about next year’s goals. Use your current year results to adjust your goal so it is hard to reach but achievable.
This is a small sample of many things that we can do to keep our financial health in check. I’m sure all of you have other great suggestions so share with us on what we can do!
—
When looking for a cheap <a href=”http://www.thriftyscot.co.uk/money/secured.html“>secured loan</a> look no further than The Thrifty Scot where you can find over 500 loan plans.
- E*Trade IRA - Official Site
Promote or Save This Article
If you like this article, please consider bookmarking or helping us promote it!
Print Post | Email Post | Del.icio.us | Stumble it! | Reddit |
Related Posts
- Repainted my car – front lip today but was it the right choice?
- What Helps Me Give Away Free Gas Gift Cards
- Making the Right Car Purchase Decision Can Mean So Much for Your Financial Health
- Money Mailbox Friday – Write to HSBC and Other Companies to Keep Junk Mail Away
- The Impact of Costs on Mutual Fund Returns
Subscribe! (and Get a Mini-Course with Free Registration)
Follow me on twitter! In addition, subscribe to grab free amazing content or take advantage of the newsletter to have content delivered to you. For starters, a 7-part mini course to help you spend less and be happy will be delivered to you when you subscribe!(Don't worry about spam, because we hate it as much as you do!)
Twitter
Facebook
Subscribe
{ 1 comment… read it below or add one }
I have to agree with you on this David. In fact you inspired me to post an article about this because December and January are my favorite months of the year to review my progress to see whether I am on track or not.