Money Matters - December 19, 2012  Stay up-to-date with KAKE
News:  Thursday, December 19, 2012  Today in Money Matters  The
year is rapidly coming to a close. That means it's time to sit
ant the kitchen table and do a few things with an eye towards
your taxes and retirement planning. Joe Udo From US News and
World Report has some Suggestions  1.Check Your 401K
Contributions: If you haven't maxed out your 401K Contributions
yet, there is still time. If you contribute before the end of
the year. You'll pay less in taxes.  2. Contribute an IRA:
Contributing to a traditional IRA will reduce your tax bill next
year. Contributing to a Roth IRA mean you'll pay the tax now and
not have to worry about paying taxes in your retirement years.
3. If you have kids, don't forget a 529: Any gain in a 529
college savings account can be withdrawn tax free for higher
education costs. The contribution can also be deducted on your
state taxes.  4. Make a charitable donation: Some charities
accept stocks. You can donate some sto