With the year drawing to a close, it's time to get busy making holiday plans and winding up projects at work. It's also time to get serious about year-end financial planning.
During the hectic holiday season, it can be tempting to put off financial decisions until the new year, but taking certain steps now may well be worth the effort. Timing is especially important when it comes to making tax-related moves that may reduce what you owe when filing season rolls around.
"The year end is a busy time for all of us," said Aaron Graham, a certified financial planner with fee-only advisory firm Abacus Planning Group. "There are some things that can always wait, but there are a couple of tax-related planning opportunities that truly have a deadline of Dec. 31."
Here are some issues that advisors say investors ought to have on their radar during the final months of 2016.