Title: Keeping your investments on track

" Today focused mutual fund season there are few things you wanna know about. Get note now before you get hit with a big tax bill next year's certified financial planner Jennifer lane compass planning here. Talk about what you can do to save money keep your investments on track welcome Jennifer."

" Yes getting close at the end of the year sometimes -- a little calmer. Yeah and and why is that so important what do you need to do is part of this -- we -- pull out all the information about your mutual funds and the reason this is important now -- most mutual funds make their taxable dispute distributions. Towards the end of the year some regarding happen that also happened in November or December -- mutual funds. Don't paid her taxes you what I pay them the mutual I just can't that's the capital gains in the interest or dividends in the week with that tax returns we don't actually getting money. We do pay taxes so important to get information out reviewed your hands right now we're speaking of taxes what action do you need to take now to prepare. Forward taxes that you were first thing I wanna do -- you've got all the information now is to check the performance of your fine and then get to that taxes of look at what your -- doing against its peers at Morningstar dot con makes that's very easy they have some of the style box which is a three by three square and they. Filling one square to indicate whether it's a large cap mutual fund for large company investing. Medium versed on the style that the investment is so. When you're comparing near -- point Hank you don't want to compare apples to oranges you'll know you've got apples -- apples at the style boxes the same. And then on the same when you start page they'll give you a report to scrap which we'll compare the -- mutual fund to an index and also the average and only other. They do that and then you can get to this access. They're virtually any mutual fun you can look up. It's you know -- Morningstar is separate from anybody else does not is not a fun family it's it's it completely independent resource. And we'll give you the information that you need also about some of the distributions but. You are a little bit better off going to the actual website for the mutual funds until election now Woodson is in no way -- make the distribution and how much. Per share because it might not be worth -- responding to a lot of funds this year. Because they had so many losses last year. Won't captain distribute as much gains so there -- it may not be a big deal but if you're planning on selling the fun because you look at it and it's not really great -- anyways. Salad before the distribution. And you'll pay lower taxes and distributions are attacked a lot of times higher Deborah how do you know if it's time to rebalance your investments -- agent got it all out you might as a look at what your asset allocation is your your mix of stocks and bonds -- recipe that you're using in your portfolio. And many times people forget all about fixed income so check out that the asset allocation tool on Bankrate dot com and nice safe job type programming you can slide the that the indications of back and forth across the -- and you can say I have a long term horizon in my short term horizon. And look to see how that changes the pie chart the asset allocation that matches back to your investments. On your statement and if you're a little puzzled -- very good book getting started an asset allocation. I -- Breslin and still want some help there's financial advisors available as I've mentioned happened at -- and what's and what's not but. And eight PFA dot org is a group of the only financial advisers -- they're not gonna cellular mutual fund. But they can help you analyze the mutual funds that you have and they just accurately. And it's amazing ghetto and information -- actually get free morningstar's completely freeze if you wanna do it on Iran massive resource you can certainly read books at the library and then you do want some -- you have to -- the financial --"

" Good enough thanks Jennifer you can email your financial questions to Jennifer. The email address is Jennifer and NE cnn.com. And she may use your questions on here."