Morningstar's Christine Benz Shares Year-End Financial Tips
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It is almost 2025, so think about your money now. Christine Benz has ideas to help you finish the year well. She is a director at Morningstar and knows about retirement plans.
Rebalancing your investments helps to lower risk. You sell things that did very well and cost more now. Then, buy things that did not do as well, which might cost less.
If you are still working, rebalance your investments, too. Check your stocks in other countries, like international stocks. Think about saving more money for retirement at your job.
People over 73 must take money from their retirement accounts. Use this money to help with rebalancing your investments. You can use stocks that have grown a lot to pay this money.
Look at your insurance plans for health care. Check if your situation has changed, also look at your plan options. You can also give money to charity from your investments and save on taxes.
Questions
What should you think about as 2025 approaches?
You should think about your money now.
What does rebalancing your investments help with?
It helps to lower risk.
What must people over 73 do with their retirement accounts?
They must take money from their retirement accounts.
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