Gift Yourself Financial Peace: Smart Year-End Financial Moves

2024 is coming to a close, and with the new year nipping at our heels, it’s  time to make some last-minute year-end financial moves. Discuss year-end tax strategies, review investment portfolios, and take other actions to set yourself up for a strong financial start to the new year.  

The end of the year is the perfect time to reflect on your 2024 financial goals, review your current situation, and consider making some moves for the new year or before the new year.   

 

Tax Strategies:

If you don’t have a tax plan in place, now is the time to get started. Chatting with a financial advisor can help you prepare effectively for tax season and take advantage of valuable tax opportunities. Many tax rates are historically low, so now is the ideal moment to put strategies in place designed to maximize your savings and secure your financial future. Don’t miss out on opportunities to keep more of what you’ve earned—start planning today! 

 

Reviewing Investment Portfolios: 

Reviewing your investment portfolio should be done at least yearly with your financial advisor or by yourself. Staying up to date and knowing what’s going on is the best policy.  

1. Evaluate asset allocations: Ensure your investments are balanced according to your risk tolerance and goals. 

1. Assess fixed income funds: Review the performance of your fixed-income assets and their role in your portfolio. 

1. Factor in for inflation: Account for inflation to maintain the purchasing power of your investments. 

1. Compare your returns over time: Look at your returns over several years to gauge long-term performance. 

1. Look over tax strategies: Make sure you’re optimizing tax-saving opportunities and see were you could improve. 

1. Change things as needed: Don’t hesitate to rebalance or adjust your portfolio based on your findings. 

1. Discuss everything with your financial advisor: Regularly touch base with your advisor to ensure you’re on track. 

 

Reviewing these seven areas can keep your financial plan on course and set you up for a successful retirement. By conducting a comprehensive review at least annually, you’ll be prepared to make any necessary adjustments and stay aligned with your financial goals.  

Learn More: How to Set Goals for Your Finances 

 

Leverage professionals in your planning:

Are you surrounding yourself with people who support your financial goals? Building a clear plan for retirement for your overall financial future requires guidance, knowledge, and a strong network. With so many resources at our fingertips today, it’s easier than ever to access information—but are you using it to your advantage? Use guides and helpful resources as tools to further your knowledge.  

Working with a financial advisor can be a powerful way to elevate your financial plan. Advisors bring experience, insights, and a personalized approach that can help you make more informed, strategic decisions. If you’re ready to take your planning to the next level, consider the impact of professional guidance on your financial future. 

Learn More: Year-End Financial Planning: Giving, Taxes, & Long-Term Planning – Season 2, Ep.1 

 

Make a financial plan for next year:  

Do you have a plan for your finances next year? What about the year after that? Having a well-thought-out financial plan, along with a solid emergency fund, is essential for confidence and seeking long-term security. Life can be unpredictable, and a reliable plan helps you stay prepared. 

If you don’t have a plan in place yet, 210 Financial is here to help you build a strategy designed to grow with you, no matter what the future holds. Let’s work together to create a financial roadmap you can rely on for years to come! 

Learn More: Blueprint to a Relaxed Retirement: 5 Essential Pillars of the 210 Financial Plan 

 

Conclusion:  

By focusing on these financial moves, you’re not only setting yourself up for a successful new year but also building confidence in your financial journey. 

Ready to take the next step? Schedule a meeting with us at 210 Financial to review your year-end financial strategy. Our team can aim to help ensure that every move you make now brings you closer to the future you’ve envisioned. Don’t let the year slip by—reach out today at (309) 263-1333! 

 

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