YOUR MONEY Five Tips for Year-End Planning (NAPSA)—Aside from gift buying and holiday planning, there are a numberof things investors should do to prepare for 2007. By working with your financial adviser to address the following issues now, you can be ahead of the game when January rolls around. 1. Organize your financial files. Get your tax records in order now so you will have time to request copies of missing documents. Start by getting rid of documents you no longer need. For example, when you receive annual summaries of your 401(k) and other retirement plans, you can discard the quarterly statements once you confirm that everything matches up. Eliminate excess statements by canceling credit cards you no longeruse. 2. Review your insurance coverage. Work with your adviser to conduct a thorough assessmentof all your insurance records—including life, health, disability and homeowners—and determine whether you have adequate coverage. At the same time, revisit your estate plan and make sure it still reflects how you wish to distribute your assets in the event of an unfore- Your tax picture can be brighterif you start preparing for 2007 now. 4. Boost your retirement savings. Find out if your 401(k) plan allows for “catch-up” contributions in December if your contribution level is below the maximum. You may beable to use your holiday bonus to fund the balance of your 401(k). 5. Map out a financial plan. Rather than vowing to get out of debt as one of your New Year’s resolutions, work with your adviser to map out a financial plan. A detailed financial plan can be a powerful tool for helping you achievefinancial security. Taking the time to assess your financial situation can get you on opportunities you might want to track to meet your goals. Work with an adviser to maintain and update your financial plan throughout the year. The experienced professionals at SII Investments, Inc. (member NASD/SIPC, and a Registered Investment Adviser) can provide the expert advice and personalized service to help you achieve your financial objectives. SII does not provide tax or legal advice. incometax projections. you, e-mail recruiting@siionline. com. seen crisis. 3. Maximize your tax efficiency. By estimating your federal and state income tax liabilities before the end of the year, you can determine whether you will be subject to any potentially adverse tax conditions and identify any act upon. Your financial or tax adviser can help you develop your To locate a representative near
