Weekly Market Recap We're already in November, so now is good point to check-in on where you are with your overall tax planning for 2015. Tax efficiency can significantly help investment performance because investing through tax efficient accounts can help your money grow faster.
Consider the following 3 topics:
401(k) contribution matching - Not only is a 401(k) a tax efficient way to save for retirement, but 401(k) matching can be an attractive way to boost your retirement savings. If your employer offers this, then it is something you should consider taking advantage of before the end of 2015. Consider increasing your 401(k) contributions now to ensure you take full advantage of any matching benefit before 2015 ends. Remember that any 401(k) contribution change may take a few weeks to impact your payroll. There are only a few pay periods left before the end of December, so, if you can afford it, this is one where action may be needed to take advantage of full employee matching for 2015.
IRA contributions - you have more time on your IRA contributions than your 401(k) since, if eligible, you can still contribute to a 2015 IRA up until the general tax filing deadline of April 15, 2016. Nonetheless, if your 401(k) is on track, now may be a good time to start or add to your IRA subject to income limits (see link below).
College savings plans - Contributing to college savings before the end of 2015 may improve your tax and gifting situation depending on which type of tax vehicle you use. FutureAdvisor now offers a free service that can help you get started saving for college with confidence.
Notes
IRA Income Limits for 2015: https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Limits
Disclaimer
The information contained herein is for informational purposes only. FutureAdvisor does not provide legal or tax advice. The information expressed is educational in nature, is not individualized, and should not be considered legal or tax advice, a forecast or guarantee of future results, investment recommendations, or an offer to buy or sell securities by FutureAdvisor. The tax efficiency strategies discussed should not be interpreted as tax advice and it does not represent in any manner that the tax consequences detailed will be obtained. Tax laws and regulations are complex and subject to change, and the contents herein may not be updated on a real-time basis to reflect changes to the tax laws. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. Laws of a particular state or laws which may be applicable to a particular situation may have an impact on the applicability, accuracy, or completeness of the information contained herein. Clients should consult with their personal tax advisors regarding their specific situations and the tax consequences of investing in particular types of investments or through different types of accounts. FutureAdvisor makes no warranties with regard to the information herein or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Your Portfolio Update Over the past month your portfolio was up 0.7%, and we have no recommendations at this time to improve it. Congratulations on maintaining one of the best portfolios among all our clients. We will, as always, continue monitoring your account and alerting you if there are actions to take (periodic rebalancing is required, etc). Ways To Improve Your Portfolio | 0 Accounts with Actions | Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps  | | Sign in to see your full dashboard | | 
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