As 2021 draws to a close, there’s still time to make some changes to your retirement accounts. If you haven’t maxed out your 401(k) contribution, consider making extra salary deferrals by year end to reach the maximum $19,500 or $26,000 for those over 50. With tax rates at historic low rates, this might be a good time to convert your traditional IRA to a Roth IRA. Don’t forget to take any required minimum distributions from your accounts – after a one- year break from RMDs in 2020, those are once again in effect.

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