You may want to consult with your tax adviser about which college savings options are best for you.

If your property tax bill is due in early 2007, you might want to pay it now and take the deduction. Set goals for reaching the amount you'll need to make up the difference between Social Security, pensions, and any other retirement funds you already have. Everyone's tax situation is different, and state and federal tax law can be complex.

Here's twelve simple things you can do before the end of the year to keep your income taxes as low as possible. Bring deductions into 1990 by paying deductible expenses before the end of the year. And that can be a particular problem for people who are not used to figuring out sticky tax issues. If you paid any employees during the year, file all payroll reports at year-end. What's the best way to manage your year-end cash flow? Defer income into 1991 by sending your invoices out at the end of December. Sometimes, though, selling stock acquired via options before the end of the year can get you out of AMT-land. In Your 40s or 50s With Little or No Retirement Savings?If you're one of millions of Americans who are on the other side of 40 and don't yet have a substantial retirement nest egg, don't despair.

Compared to saving for retirement, your college saving timeline is relatively short. The required minimum distributions apply to traditional IRAs. If you're luck enough to get a year-end bonus, you can steer part of it to your 401k, if you haven't already maxed out.