Image reads: Year-End Investment Planning: Your November Checklist. Six key actions, dates, and strategies that can help keep your finances on track for the end of the year and beyond. 1. Determine if any adjustments are needed to tax withholding or estimated payments due to recent tax law changes. 2. Review your beneficiary designations and make any necessary adjustments due to life changes (e.g., birth of child/grandchild, marriage, divorce, death, etc.). 3. Develop a plan to complete charitable and family member gifts by year-end. 4. Review your Medicare Part D choices if you receive Medicare benefits; the window for enrolling or changing plans is October 15 to December 7. 5. Consider funding a Flexible Spending Account (FSA) and/or a Health Savings Account (HSA), if applicable, during your employer’s annual benefits enrollment period. 6. Review your insurance coverage to make sure it’s adequate for your needs. Wells Fargo Advisors is not engaged in rendering legal or tax advice. If legal or tax assistance is required, the services of a competent professional should be sought.
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