Time running out for 2009 investments

December 30, 2009 5:26:31 PM PST
It's the end of the year and time is running out to get your taxes in order for 2009.

7 On Your Side checked with Charles Schwab Investment Services to get a couple of their ideas for this last minute tax savings season.

"Look at your retirement account. Is it fully funded, if not, there's another way to reduce your taxes as well as putting money away, creating savings, putting it away for long term use," says Eric Schneider from Charles Schwab.

Giving to charities and selling losing stocks can also drop your tax bill. Time is running out, but you should always talk with your financial advisors before making big moves.