Whether you're a W-2 employee or a 1099 contractor, there are some critical moves to make before the clock runs out. So, let’s dive in and make sure you’re ending the year on a strong financial note.
Topics Discussed:
- What elective deferral contributions are and how they work with 1099 and W-2 filers.
- What you need to know about the i401(k), when you can create it, and contribution options.
- What to watch out for with over-contributions.
- The separate contributions that you could max out and what you can do if you can’t get a W-2 in time.
- End of year FSA spending and how you can make the most of it.
- Options for taking your RMDs and the timing of it.
- Business purchases and tax considerations for end of year spending.
Resources Mentioned:
Tags:
maximize finances, end of year financial planning, end of year finances, end of year spending, maxing out funds, FSA spending, emergency medicine, ER doc, ER doctor,
