If your employer offers a flexible spending account arrangement for your out-of-pocket medical or child care expenses, make sure you’re maximizing the tax benefits available for 2015. Be careful not to set aside too much for risk of forfeiture.
Likewise, company life and accidental insurance policies offered to you by your employer can be relatively affordable. Review premium costs as you consider the upcoming new year.
If you have found yourself owing income tax each April, review your withholding and consider bumping the amount each pay period to ease the cash flow burden of a surprise amount of tax due.
And finally, if your employer offers a retirement plan, consider participating in 2015. Always know the percentage your employer will match and plan to set aside funds that can be used in your retirement years.
Don’t hesitate to contact a WMET professional with related questions.