As we are well entrenched in the holiday season, many of us find
ourselves much busier than normal.
As we are well entrenched in the holiday season, many of us find ourselves much busier than normal.
There are cards to mail out and gifts to buy, cookies to bake and parties to attend.
And here I am trying to put something else on your plate – next year I’ll try and send out an earlier reminder!
That said, the end of the year is an important time to review your personal finances. If you have not yet done so, you may want to give your financial advisors a jingle and see if there are any last-minute moves that could prove beneficial.
Unfortunately, these days it seems the only constant is change, and with many of the changes unknown it makes for difficult planning. This is especially prevalent in terms of taxes and healthcare.
On the healthcare front, we are still deciphering the details of the new Health Care Reform laws and how they will affect us, which makes planning for healthcare costs even more confusing and challenging. As a reminder for those who are currently enrolled in Medicare, open enrollment for Part D ends Dec 31, and those with higher incomes may be subject to higher premiums; take the time to compare plans to insure you are in the plan that best suits your needs and your pocketbook.