Year-end Financial Checklist for Working Professionals

Set yourself up for success in the new year with a financial checkup.  Here are some essential year-end tax, planning, and financial housekeeping items to consider.


If you need help, don’t hesitate to contact us. 


  1. Maximize  contributions to tax-advantaged retirement savings accounts including 401(k), HSA, or IRA accounts.
  2. Reduce taxes by offsetting capital gains with losses from stocks, bonds, mutual funds, and exchange-traded funds (EFTs).
  3. Evaluate the progress of yoru investments toward your retirement, college, and personal savings goals.
  4. Consider a 401(k) rollover or a Roth conversion to lay the groundwork for tax-efficient withdrawals in retirement.
  5. Think about giving to charity and track all forms of donation to potentially qualify for tax deductions.
  6. Talk to your family about your legacy goals and gather your legal, financial and healthy-related documents.
  7. Simplify your financial record-keeping by taking advantage of direct deposits, online statements, automatic payments, and retirement investment contributions.
  8. Check  your credit reports. Each of the credit reportingn companies is required to provide you with a free copy of your credit report once every 12 months.
  9. Create of update a family or personal budget.
  10. Revisit your life and automobile insurance coverage.


Contact us if you need help with any of your planning decisions.

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