Make your IRA or SEP (simplified employee pension) contributions during the year rather than waiting until you file your taxes in April. Historically, the fourth quarter is the best-performing quarter for equities, & the first quarter is the second best. If you make the contribution in September instead of the following April. You get an additional six months for your investments to grow, during the two best-performing quarters. Forecast what your total income will be for the year to make sure you qualify for contributions.
ANDREW CASTELL, CFP, CHIEF INVESTMENT OFFICER AND FINANCIAL PLANNER AT ACORN FINANCIAL SERVICES