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☆ There's still time to slash your 2024 tax bill with these last-minute moves
▼ + stars: | 2024-12-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As year-end approaches, there's still time to slash your 2024 tax bill or boost your refund, financial advisors say. Typically, you can expect a tax refund when you overpay taxes throughout the year. Alternatively, you get a tax bill when you haven't paid enough. Most 2024 tax strategies must be completed by Dec. 31, so there's limited time to make last-minute moves. But there are some key strategies still available, according to financial advisors.

Persons: there's, deferrals Organizations: Finance, Social

☆ Companies and investors race to mitigate Trump tariff risk. How one iconic firm is adjusting
▼ + stars: | 2024-12-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

When Donald Trump clinched a decisive victory in the 2024 presidential election last month, Stanley Black & Decker executives knew they had a problem on their hands. The day after the Nov. 5 election, Club stock Stanley Black & Decker declined nearly 2%. Stanley Black & Decker, founded in 1843 as Stanley Works, is one of thousands of companies mulling over strategies to offset the kind of pressure that rising tariffs would present. Since labor and property are less expensive in the world's second-largest economy, big companies like Stanley Black & Decker have historically moved production there to save money. Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

Persons: Donald Trump, Stanley Black, Decker, Patrick Hallinan, Trump, Garth Hankinson, Jim Cramer's, Goldman Sachs, Joe Ritchie, that's, Ritchie, Hallinan, That's, there's, Stanley, Jim Cramer, Jim, David Paul Morris Organizations: Stanley, Constellation, Modelo, Jim Cramer's Charitable Trust, CNBC, Club, U.S, Trump, Materials Conference, Lowe's, Home, Goldman's, Industrials, Bloomberg, Getty Locations: Mexican, Corona, Pacifico, China, New York City, Goldman's U.S, Colma , California

☆ IRS: There's a key deadline approaching for required minimum distributions
▼ + stars: | 2024-12-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Pretax RMDs boost your adjusted gross income, which can cause higher Medicare Part B and Part D premiums, among other tax consequences, he said. Your RMD is based on your pre-tax retirement balance as of Dec. 31 from the previous year. For 2024, the calculation divides your 2023 pretax balance by an IRS life expectancy factor. The penalty falls to 10% if the RMD is "timely corrected within two years," according to the IRS. There's been a higher standard deduction since 2018, and only about 10% of taxpayers itemized tax breaks on 2021 returns, according to the most recent IRS filing data.

Persons: Derek Williams, Pretax, CFP Michael Lofley, Lofley, There's Organizations: Veratis Advisors, CNBC, CFP, HBKS Locations: Cary , North Carolina, Stuart , Florida

☆ Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
▼ + stars: | 2024-12-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. The airline will launch nonstop service between its home hub of Seattle-Tacoma International Airport and Tokyo's Narita International Airport in May on Hawaiian's Airbus A330-200s, and between Seattle and Seoul, South Korea's, Incheon International Airport in October, Alaska said Tuesday. By 2030, Alaska plans to serve at least a dozen international destinations from Seattle using wide-body planes, reshaping the carrier. The carrier said Tuesday that it authorized a $1 billion share buyback. It raised its fourth-quarter earnings estimates to 40 cents to 50 cents a share, up from a previous outlook for 20 cents to 40 cents.

Organizations: Alaska Air Group, Hawaiian Airlines, Boeing, Airbus, Seattle - Tacoma International Airport, Tokyo's, Airport, Incheon International Airport Locations: Alaska, Seattle, Seoul, South Korea's, Incheon, Tokyo

☆ Here's what to know before taking your first required minimum distribution
▼ + stars: | 2024-12-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Grace Cary | Moment | Getty ImagesAfter decades of building your nest egg, you will eventually have to start taking required minimum distributions, or RMDs, from pretax retirement accounts. The first deadline is April 1 of the year after you turn 73, and Dec. 31 for future withdrawals. Pre-tax retirement withdrawals incur regular income taxes. Two required withdrawals in one yearIf you wait until April 1 after turning 73 to take your first RMD, you'll still owe the second one by Dec. 31. That can trigger unexpected tax consequences, according to CFP Abrin Berkemeyer, a senior financial advisor with Goodman Financial in Houston.

Persons: Grace Cary, Jim Guarino, Baker Newman Noyes, you'll, IRMAA, Berkemeyer Organizations: CFP Abrin, Goodman Financial, Medicare Locations: Woburn , Massachusetts, Houston

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stanley Black, Decker, Patrick Hallinan, Donald Trump, Hallinan, Trump's, Goldman Sachs, Peter Navarro —, we'll, Synopsys, Calvin Klein, PVH, Zales, Jim Cramer's, Jim Organizations: CNBC, ., Semiconductor, Marvell Technology, Broadcom, Nvidia, Devices, Micron, Materials Conference, Trump, here's, Eagle Outfitters, AeroVironment, Signet Jewelers, Kroger, Jim Cramer's Charitable Locations: Salesforce, China

☆ Here's how to maximize your tax breaks for charitable giving
▼ + stars: | 2024-11-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Here's what to know about charitable tax breaks before swiping your credit card or transferring funds, according to financial advisors. How the charitable deduction worksWhen filing taxes, you claim the standard deduction or your total itemized deductions, whichever is bigger. The latter includes a tax break for charitable gifts, medical expenses and state and local taxes, or SALT, among others. For 2024, the standard deduction is $14,600 for single taxpayers and $29,200 for married couples filing together. Plus, you can satisfy yearly required minimum distributions, or RMDs, with a QCD, according to the IRS.

Persons: Indiana University Lilly, Paula Nangle, Donald Trump, Nangle, filers, Sandi Weaver, Weaver, Juan Ros Organizations: Indiana University, Indiana University Lilly Family School, Marshall Financial, President, Weaver Financial, Medicare, Financial Management Locations: Doylestown , Pennsylvania, Mission , Kansas, Thousand Oaks , California

☆ There's still plenty of 'meat on the bone' in municipal bonds, Vanguard portfolio manager says
▼ + stars: | 2024-11-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

So that's why I say there's plenty of meat left on the bone for investing in credit munis," McFee said. Sector outlook Municipal bond funds buy and hold fixed income instruments issued by state and local governments or related entities. Over the past month, major index funds iShares National Muni Bond ETF (MUB) and Vanguard Tax-Exempt Bond ETF (VTEB) have raked in about $2.2 billion of combined inflows, according to FactSet. The big iShares and Vanguard muni funds have each returned about 1.7%, year to date, compared with 1.6% for the iShares Core U.S. And Vanguard is not the only asset manager pushing new muni funds into the market.

Persons: weren't, Steve McFee, McFee, Goldman Sachs Organizations: Vanguard, Bond, McFee, AAA, Muni Bond ETF, Vanguard muni, iShares, Aggregate Bond

☆ TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story
▼ + stars: | 2024-11-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. "The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season. For its holiday quarter, TJX is expecting comparable sales to grow between 2% and 3%, largely in line with the 3% uptick that StreetAccount analysts had expected. TJX is standing by its comparable sales guidance of 3% growth for the full year, just shy of the 3.2% growth that StreetAccount analysts had expected. It raised its pretax profit margin outlook from 11.2% to 11.3%, which matches StreetAccount's expectations, along with its earnings per share guidance.

Persons: TJX, Ernie Herrman, It's, LSEG, Maxx, TJ Maxx Organizations: TJX Companies, LSEG, Company, It's, HomeGoods, TJX, Brands, United Arab, Burlington, Ross, Bank of America Locations: HomeGoods, Sierra, TJX Canada, Europe, Australia, Dubai, United Arab Emirates, Saudi Arabia, Spain

☆ Stanley Black & Decker updates targets, plus Nvidia and Palo Alto earnings on deck
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stanley Black, Decker, Don Allen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, ., Bloomberg, Nvidia, Palo Alto, Deere, BJ's Wholesale, Baidu, GE Healthcare, Jim Cramer's Charitable, Getty Locations: radiopharmaceuticals, Colma , California

☆ We're changing our price target on TJX despite the retailer's light guidance
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +6 min

We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.

Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, —, Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida

☆ A FIRE blogger decided to test the benefits of the popular triple-tax advantaged HSA. He explains why it wasn't worth the hassle and wants to switch health insurance plans in 2025.
▼ + stars: | 2024-11-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

AdvertisementAndre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA. He plans to switch back to an EPO plan in 2025 for simplicity. AdvertisementIn 2024, he decided to put the popular, triple tax-advantaged health savings account (HSA) to the test. You can invest your HSA funds (the investment options vary by provider), and your contributions and earnings grow tax-free. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Nader did throughout 2024.

Persons: Andre Nader, Nader, Nader didn't, he'd, isn't, he'll, HSA Organizations: FIRE, IRA Locations: San Francisco

☆ Get the most out of these tax-favored accounts in 2025
▼ + stars: | 2024-11-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Benefits enrollment season is here, and with it comes an opportunity for workers to tune up their workplace savings plans and sock away more money on a tax-favored basis. Traditional tax-deferred accounts, like 401(k) plans and individual retirement accounts, are just the beginning for savers. As tempting as it may be for savers to plow money into HSAs and other tax-favored accounts, they'll need to draw up a strategy before they do so. They can also earmark additional funds toward 529 college savings plans and taxable brokerage accounts. In a tax-deferred account, investors won't be on the hook for the tax bill until they begin drawing down from it.

Persons: Marguerita Cheng, Cheng Organizations: Devenir, Blue, Global Wealth, UBS, Chief Investment Locations: Gaithersburg , Maryland

☆ Bonds grab the wheel — plus, more activist news and a profit warning tied to tariffs
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

But it shows how the stock market begins to get a little skittish whenever bond yields surge like this. We've seen that dynamic rear its head from time to time during the rise in bond yields that began in September. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, Elliott, ValueAct, Stanley Black, Decker, Trump, Donald Trump, CyberArk, Jim Cramer's, Jim Organizations: CNBC, ., Morning, Elliott Management, Honeywell, Meta, Management, Mizuho Securities, Club, Spotify, Occidental Petroleum, Skyworks, Jim Cramer's Charitable Locations: Meta, China

☆ Rapidly rising rents squeeze millions in the middle class
▼ + stars: | 2024-10-31 | by ( Jasmine Cui | Jasmine Cui Is A Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs. This figure is widely used as a threshold for affordability: the Census Bureau measures housing costs against it, and the Department of Housing and Urban Development has used it for decades. While nearly 40% of middle-class renters are burdened by costs nationwide, in Tennessee that figure is 37%, placing it among the upper half of states with the largest share of cost-burdened middle-class renters. The growing pressure on middle-class renters may finally be spurring political action.

Persons: ”, Peter Hepburn, ” Hepburn, “ It’s, Daniel Evans, haven’t, Evans, We’ve, Hepburn, “ Organizations: NBC, Department of Housing, Urban, Princeton University Locations: Tennessee, Memphis, Nashville, New York

☆ Coinbase shares tumble as muted crypto trading leads to a third-quarter miss
▼ + stars: | 2024-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. Coinbase has been an active lobbyist for the crypto industry this year, spending millions backing pro-crypto political action committees. While crypto price action has been tepid, the market cap for stablecoins reached new highs, helping push Coinbase's third-quarter stablecoin revenue to $246.9 million. That revenue could be challenged in the current quarter with interest rates expected to continue coming down.

Persons: Bitcoin, Coinbase, Stablecoins, stablecoins Organizations: Nasdaq, Coinbase, LSEG, Revenue Locations: New York, U.S

☆ Year-end Roth IRA conversions are popular — but don't wait too long, financial experts say
▼ + stars: | 2024-10-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're weighing a year-end Roth individual retirement account conversion, waiting too long could be risky, financial experts say. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can start tax-free growth. The strategy has become more popular, with a 46% year-over-year increase during the second quarter of 2024, according to Fidelity. Some investors want to pay Roth conversion taxes now while there are lower tax brackets because the current rates are scheduled to sunset after 2025 without action from Congress. However, it's difficult to predict future tax law changes with uncertain control of the White House, the Senate and the House of Representatives.

Persons: Roth Organizations: Roth IRA, Fidelity, Finance, White, Senate

Under the terms of the deal, Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199 between Nov. 1 and Feb. 15. Costco is one way to get there, Dion Camp Sanders, Peloton's chief emerging business officer, told CNBC in an interview. The deal with Costco gets Peloton onto the shelves of a retailer with a strong fan following and wealthier customers. According to Numerator, 36% of Costco's customers have a household income of more than $125,000. As of this month, hotel members can earn points for completing workouts on the Peloton Bike and Row during their stay.

Persons: Barry McCarthy, Long, Dion Camp Sanders, Peloton's, We've, Camp Sanders, Gary Millerchip, Costco's, they've, Merchandising Claudine Adamo, Truemed Organizations: Costco, CNBC, Merchandising, Dick's Sporting Goods, PayPal Locations: U.S

One accuses Combs of raping a 13-year-old girl at an after-party following the 2000 VMAs. In one of the lawsuits, filed in the Southern District of New York, a woman is accusing the hip-hop mogul of drugging and raping her when she was 13 while at an after-party following the 2000 MTV Video Music Awards. Those celebrities are only identified in the lawsuit as "Celebrity A" and "Celebrity B." Combs' attorneys have consistently denied any accusations of sexual assault. "After the male celebrity finished, Combs then vaginally raped Plaintiff while the Celebrity A and Celebrity B watched," the lawsuit alleges.

Persons: Sean, Diddy, Combs, —, Jane Doe, Tony Buzbee, Curis, Sean Jean, Buzbee, Buzbee's, Jane, John, Plaintiff, Marlon, Shawn Wayans, Tim Commerford, Limp Bizkit, Jennifer Lopez, Mr Organizations: Service, of, Alabama, Radio City Music Hall, Business, New, Forbes Locations: Texas, Southern, of New York, New York City, New York, Manhattan, Brooklyn

☆ Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who is eligible for this account and how to use it to grow your money.
▼ + stars: | 2024-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. You'll have to move your money from your HSA to your HSA investment account. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.

Persons: —, Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS

☆ Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who's eligible, and how you can use it to grow your money.
▼ + stars: | 2024-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. "I decided to get a high deductible health plan because I was young, healthy, and I didn't expect my medical expenses to be too high," she said. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.

Persons: —, Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS

☆ Key change coming for 401(k) ‘max savers’ in 2025, expert says — here's what you need to know
▼ + stars: | 2024-10-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Aire Images | Moment | Getty ImagesHigher 401(k) catch-up contributionsEmployees can now defer up to $23,000 into 401(k) plans for 2024, with an extra $7,500 for workers age 50 and older. But starting in 2025, workers aged 60 to 63 can boost annual 401(k) catch-up contributions to $10,000 — or 150% of the catch-up limit — whichever is greater. An estimated 15% of eligible workers made catch-up contributions in 2023, according to Vanguard's 2024 How America Saves report. Roth catch-up contributionsAnother Secure 2.0 change will remove the upfront tax break on catch-up contributions for higher earners by only allowing the deposits in after-tax Roth accounts. That means workers can still make pretax 401(k) catch-up contributions through 2025, regardless of income.

Persons: Jamie Bosse, Vanguard's Stinnett, Roth Organizations: IRS, CGN Advisors, America, Vanguard Locations: Manhattan , Kansas

☆ Sean Combs' once-lucrative business empire is drying up. Here's where it stands.
▼ + stars: | 2024-10-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Sean Combs was once one of the world's top-earning entertainers and had diverse income streams. AdvertisementNot too long ago, Sean Combs was one of the top-earning people in the music industry. The business empire of Combs, which was once valued as high as $820 million, per Forbes, has crumbled. Advertisement"There are so many lost opportunities," Clayton Durant, adjunct music business professor at Long Island University's Roc Nation School of Music, Sports & Entertainment, told Business Insider. Here's where Combs' business stands now.

Persons: Sean Combs, —, who's, Diddy, Sean John, Cassandra Ventura, Combs, He's, Clayton Durant, Anthony Martini, Here's Organizations: Diddy, Service, Diageo, Bad, Forbes, Nation School of Music, Sports & Entertainment, Miami's, LA Locations: Long, Los Angeles

☆ Berkshire Hathaway now owns 100% of BHE, but the utility giant has been a weak spot for the conglomerate
▼ + stars: | 2024-10-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. Berkshire bought the stake for $2.37 billion in cash, $600 million in debt as well as a significant amount of Berkshire Class B shares , according to a regulatory filing. Berkshire Vice Chairman Greg Abel, Buffett's designated successor, sold his 1% stake in BHE for $870 million at a much higher valuation just two years ago. The utility arm has been a weak spot for the conglomerate, which has otherwise enjoyed a few outstanding years. "BHE has been under pressure," said Cathy Seifert, Berkshire analyst at CFRA Research.

Persons: Warren Buffett, Walter Scott, Buffett, Bill Stone, Greg Abel, Buffett's, Abel, BHE, Cathy Seifert Organizations: Berkshire Hathaway Energy, Berkshire, Berkshire Class, Glenview Trust Company, CNBC, BHE, Oracle, CFRA Locations: Berkshire, Omaha, BHE, Glenview, U.S

☆ Why your Roth IRA conversions could have 'unintended' tax consequences
▼ + stars: | 2024-10-02 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say. Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth. Otherwise, you could lose eligibility for certain tax breaks or unexpectedly trigger tax hikes. Here are a couple of other major tax issues to watch, experts say.

Persons: eyeing Roth, Roth, JoAnn May, Helene Organizations: Roth IRA, Asset Management, Finance, Social Locations: Riverside , Illinois

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