So, say that extra "hundred thou" is burning a hole in your portfolio and you're just jumping to offload it before the end of the year... Well, we have a couple of thoughts for you.

As they often do at year's-end, the IRS has issued a few taxpayer reminders regarding charitable contributions. In particular, the "Special Charitable Contributions for Certain IRA Owners" says that an IRA owner, age 70½ or older, can directly transfer tax-free up to $100,000 per year to an eligible charity. If that fits your needs, we suggest you talk with your tax advisor. (By the way, if you'd like to know more about how charities allocate donations, check out Charity Navigator .)

For long-term investment, there's really nothing as solid as real estate, and, as we've mentioned, Coachella Valley real estate is heating up, so this is a fantastic time to buy (or sell!). Whether you're looking for a full-time desert home or second or third residence for yourself, investing in rental property or purchasing a home for a family member, you can get a jump on the buying season by beginning your search this week.

We know the Coachella Valley and we're committed to helping you get the most for your property investment. Give us a call today at 760-567-1550. And remember, in real estate, knowledge is power! Happy New Year!