{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/6ab1285f5573cd64f74b3b2a?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"7 ways to build wealth before December 31","description":"<p>1053. Host Laura Adams walks you through seven ways to lower your taxes, maximize savings, and protect your hard-earned cash before midnight on December 31. Don’t let holiday chaos cause you to miss this critical deadline.</p><p><br></p><p><strong>Key Takeaways</strong></p><ul><li>Employer-sponsored retirement plans like 401(k)s, 403(b)s, and 457s require employers to deduct contributions from paychecks by December 31.</li><li>Zero out your flexible spending account (FSA) before year-end or confirm your employer’s specific rules, such as a limited carryover or grace period.</li><li>If you’ve met your annual health insurance deductible, schedule remaining doctor visits, recommended tests, or prescription fills in December before your coverage limits reset on January 1.</li><li>Those over 73 must make required minimum distributions (RMDs) from traditional retirement accounts by December 31 to avoid steep penalties. </li><li>If you can move certain expenses (such as a mortgage payment or property taxes) into December, they may help you deduct more by itemizing.</li><li>Check card portals before holiday shopping to activate quarterly bonus categories and redeem annual travel credits or expiring reward points to offset end-of-year expenses. </li></ul><p><br></p><p><strong>Related Episodes</strong></p><p><a href=\"https://shows.acast.com/money-girl/episodes/workplace-roth-vs-roth-irawhats-the-difference\" rel=\"noopener noreferrer\" target=\"_blank\">1045</a></p><p><a href=\"https://shows.acast.com/money-girl/episodes/69c148cb1a160b44db9c93fa\" rel=\"noopener noreferrer\" target=\"_blank\">916</a></p><p><a href=\"https://shows.acast.com/money-girl/episodes/beyond-a-401k-understanding-a-403b-457-and-401a\" rel=\"noopener noreferrer\" target=\"_blank\">1018</a></p><p><a href=\"https://shows.acast.com/money-girl/episodes/smart-ways-to-pay-less-on-rising-healthcare-cost\" rel=\"noopener noreferrer\" target=\"_blank\">1044</a></p><p><a href=\"https://shows.acast.com/money-girl/episodes/69c148c11861d127d5ad0cde\" rel=\"noopener noreferrer\" target=\"_blank\">981</a></p><p><a href=\"https://shows.acast.com/money-girl/episodes/69c148c262f6c66afea5cfa3\" rel=\"noopener noreferrer\" target=\"_blank\">966</a></p><p><a href=\"https://shows.acast.com/money-girl/episodes/a-beginners-guide-to-travel-hacking-using-rewards\" rel=\"noopener noreferrer\" target=\"_blank\">1043</a></p><p><br></p><p><strong>Discover more from Money Girl!</strong></p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p><p>Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.</p>","author_name":"QuickAndDirtyTips.com"}