Bob Powell and Jon Gassman, Founder of The Gassman Financial Group sat down to talk year-end tax planning because, yes, it is that time of year.
And with the S&P 500 up over 9% YTD and the current political environment, you probably have some tax planning.

  • Powell and Gassman discuss a few great tips in the video above.

For instance, mutual fund holders probably are going to see some sizable capital gain distributions since the market did so well this year, so prepare for some capital gains.

Big tip: Don't buy any mutual funds between now and the end of year because you'll still owe tax on those distributions without having the benefit of year long the gains.

And with all the talk of the tax rates changes, should you defer income? Or prepay some expenses before the end of the year?

So be sure to listen to the whole podcast for more tips here

Watch More with TheStreet :
Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter .

More from How-to

6 Steps for Dealing With a Market That Can't Be Trusted

6 Steps for Dealing With a Market That Can't Be Trusted

How to Start a Cover Letter: Guide With 7 Examples

How to Start a Cover Letter: Guide With 7 Examples

The Good Side of Bad Selloffs

The Good Side of Bad Selloffs

Advanced Micro Devices Requires Patience Before Laying Down More Chips

Advanced Micro Devices Requires Patience Before Laying Down More Chips

How to Buy a Car in 10 Steps With Tips For 2018

How to Buy a Car in 10 Steps With Tips For 2018