There is always a focus at the end of the year on making contributions to retirements plans. There is the flip side to this and that is that it is important to understand what distributions you may need to make from a retirement plan or a flexible spending account. Understanding what actions you should take and when you should take them will help you maximize your tax favored accounts. The Tax Cut and Jobs Act enacted some changes that could impact you. For an in-depth discussion, I recommend reading: End-Of-Year Contribution And Distribution Planning For Tax-Favored Accounts. It’s also important to consult with a qualified financial advisor to fully understand your options.