Financial Focus Use Year-end Bonus (or Gift) Wisely As 2019 draws to aclose, you may items themselves probably won't course, but your year-end bonus fund for your young children or be anticipating - or have already enhance your personal wealth. or gift money could give you a grandchildren, you can use your received - a year-end bonus from Plus, the bigger your monthly good start. your employer. Or you might be debt payments, the less you'll receiving a substantial cash gift have to invest for your future. So, Contribute to your IRA. You can already started such an account, for the holidays. (If you're really you might want to use your bonus put in up to $6,000 to your IRA, you might want to use this money lucky, you might get both.) You or monetary gift to pay off, or at or $7,000 if you're 50 or older. for that purpose. You could open a can doubtlessly think of many least pay down, some of your less And although you've got until 529 plan, which provides possible ways to spend this money right productive debts. now, but how can you use it to help yourself in the fong run? year-end bonus or monetary gift to add to the fund. If you haven't April 15, 2020, to fully fund your tax benefits and gives you control IRA for the 2019 tax year, you still of the funds until it's time for them Start an emergency fund. If you might want to put your "extra" to be used for college or some type were to face a large, unexpected money into your account right of vocational school. (Depending expense, such as the need for a away. If you wait, you'll probably on where you live, you might also Here are a few suggestions: Pay off some debts. Virtually all new furnace or a major car repair, find other uses for this money. get tax benefits from your state if of us carry some type of debt, and how would you pay for it? If you And if you're going to enjoy a you use a 529 savings plan to pay that's not necessarily a bad thing. didn't have the cash on hand, you comfortable retirement, youli for K-12 expenses.) For example, your mortgage not might be forced to dip in to your need to maximize every possible To achieve all your financial goals, only gives you a place to live and long-term investments, such as resource - and your IRÁ is one of you'll need to take advantage of a chance to build equity in your your stocks and mutual funds. your best ones. Furthermore, the your op-portunities - and your home, but the interest payments A much better option is to build sooner you get the money into year-end bonus or monetary gift are typically tax deductible. Other an emergency fund, containing your IRA, the more potential it can certainly be one of them. debts, though, such as those on six to 12 months' worth of living will have to grow over time. consumer items, are not so positive expenses, with the money kept in - you generally can't deduct a liquid, low-risk account. It will Feed your college fund. If you're Jones for use by your local Edward the interest payments, and the take time to build such a fund, of already contributing to a college Jones Financial Advisor. This article was written by Edward Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS Edward Jones Edward Jones Tod Heisler AAMS Edward Jones Jason Korner Edward Jones Edward Jones Pam Covington CFPAAMS Quinn Nofziger Gwen Ruppert Financial Advisor Financial Advisor 7329 West Jetterson Bivd Fort Weyne, IN 4G804 Financial Advisor Financial Advisor Financial Advisor 7030 Ponse Inveness Way Suite 125 Fort Weyne, IN 46804 432-3613 Making Sense of Investing Financial Advisor 14413 inois Rd Ste E Fort Wayne, IN 46814 Financial Advisor s01 Chestnut Hs Parway Fort Wayne, IN 46814 7525 West Jetterson Bvd. 6525 Constitution Dr. Fort Weyne, IN 404 414S. Scom Rd Fort Wayne. IN 40014 Fort Wayne. IN 4804 625-3524 Making Sense of Investing 432-0304 Making Sense of Investing 478-8038 Making Sense of Investing 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-5700 Making Sense of Investing Financial Focus Use Year-end Bonus (or Gift) Wisely As 2019 draws to aclose, you may items themselves probably won't course, but your year-end bonus fund for your young children or be anticipating - or have already enhance your personal wealth. or gift money could give you a grandchildren, you can use your received - a year-end bonus from Plus, the bigger your monthly good start. your employer. Or you might be debt payments, the less you'll receiving a substantial cash gift have to invest for your future. So, Contribute to your IRA. You can already started such an account, for the holidays. (If you're really you might want to use your bonus put in up to $6,000 to your IRA, you might want to use this money lucky, you might get both.) You or monetary gift to pay off, or at or $7,000 if you're 50 or older. for that purpose. You could open a can doubtlessly think of many least pay down, some of your less And although you've got until 529 plan, which provides possible ways to spend this money right productive debts. now, but how can you use it to help yourself in the fong run? year-end bonus or monetary gift to add to the fund. If you haven't April 15, 2020, to fully fund your tax benefits and gives you control IRA for the 2019 tax year, you still of the funds until it's time for them Start an emergency fund. If you might want to put your "extra" to be used for college or some type were to face a large, unexpected money into your account right of vocational school. (Depending expense, such as the need for a away. If you wait, you'll probably on where you live, you might also Here are a few suggestions: Pay off some debts. Virtually all new furnace or a major car repair, find other uses for this money. get tax benefits from your state if of us carry some type of debt, and how would you pay for it? If you And if you're going to enjoy a you use a 529 savings plan to pay that's not necessarily a bad thing. didn't have the cash on hand, you comfortable retirement, youli for K-12 expenses.) For example, your mortgage not might be forced to dip in to your need to maximize every possible To achieve all your financial goals, only gives you a place to live and long-term investments, such as resource - and your IRÁ is one of you'll need to take advantage of a chance to build equity in your your stocks and mutual funds. your best ones. Furthermore, the your op-portunities - and your home, but the interest payments A much better option is to build sooner you get the money into year-end bonus or monetary gift are typically tax deductible. Other an emergency fund, containing your IRA, the more potential it can certainly be one of them. debts, though, such as those on six to 12 months' worth of living will have to grow over time. consumer items, are not so positive expenses, with the money kept in - you generally can't deduct a liquid, low-risk account. It will Feed your college fund. If you're Jones for use by your local Edward the interest payments, and the take time to build such a fund, of already contributing to a college Jones Financial Advisor. This article was written by Edward Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS Edward Jones Edward Jones Tod Heisler AAMS Edward Jones Jason Korner Edward Jones Edward Jones Pam Covington CFPAAMS Quinn Nofziger Gwen Ruppert Financial Advisor Financial Advisor 7329 West Jetterson Bivd Fort Weyne, IN 4G804 Financial Advisor Financial Advisor Financial Advisor 7030 Ponse Inveness Way Suite 125 Fort Weyne, IN 46804 432-3613 Making Sense of Investing Financial Advisor 14413 inois Rd Ste E Fort Wayne, IN 46814 Financial Advisor s01 Chestnut Hs Parway Fort Wayne, IN 46814 7525 West Jetterson Bvd. 6525 Constitution Dr. Fort Weyne, IN 404 414S. Scom Rd Fort Wayne. IN 40014 Fort Wayne. IN 4804 625-3524 Making Sense of Investing 432-0304 Making Sense of Investing 478-8038 Making Sense of Investing 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-5700 Making Sense of Investing