There’s a little more than a month to go until the tax deadline, which is April 18 of this year. If you haven’t already started gathering up your tax forms and materials needed to complete them, then I strongly suggest you do so. That deadline can come upon you very quickly and get lost in the shuffle. Tax time is a good time of year to review your finances–including retirement plans and investment portfolios, especially if you’ve taken any required minimum distributions (RMDs) or sold any investments. You will most likely have to pay some sort of taxes on any gains from the sale of stock or investments any taxes on RMDs taken from non-Roth retirement accounts. As you review your finances, now is a good time to check on the diversity of your retirement investments and accounts as well as whether you are saving enough to meet your goals. In other words, now is a good time to review everything and make any necessary adjustments. Things can change over the course of a year and goals that were viable a year ago might not be as important as they were a year ago. When you review your retirement plans, you should also be thinking about tax impacts in the future. For example, if you have a traditional IRA, is now a good time to convert it into a Roth IRA? If you’re young and don’t have a huge retirement account, that might make sense. If you are older, you may want to speak with a certified financial planner or wealth manager about the best option moving forward. If you didn’t do so at the end of last year, now is also a good time to chat with your financial planner or wealth manager about your long term and short term plans and make sure they still align with your saving. Lastly, don’t forget to file your taxes on time. If that means focusing on getting your taxes done and worrying about your financial plans after the filing deadline, so be it. Just don’t miss the actual filing deadline! Are you ready for tax season?