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Ep #3: 3rd & 4th Quarter Financial Planning Checklist

Home 9 Uncategorized 9 Ep #3: 3rd & 4th Quarter Financial Planning Checklist

As the year begins to wind down, it becomes a great time to run through a financial checklist to make sure your investments all are on track. These six items will help you decrease your taxes, improve your portfolio, and keep your retirement plan moving forward.

Today’s rundown:

1:21 – Mike talks about his trip to the Minnesota State Fair.

3:13 – Let’s talk about a 3rd & 4th quarter planning checklist.   

3:53 – Item 1: Evaluating our IRA or Roth contribution options.

5:31 – Item 2: Taking a look at your charitable donations.    

7:06 – Item 3: Offsetting your gains with losses.   

8:19 – Item 4: Get updated estimates on retirement income streams.  

9:49 – Item 5: Put a plan or schedule in place to get rid of your debt.

11:12 – Item 6: Evaluate your portfolio and rebalance your investments.  

14:22 – Mailbag question: What kind of annual return should I be seeking on investments in retirement?

15:54 – Mailbag question: I’ve seen a lot of growth in my 401(k) recently but I feel like I should capture these gains and take risk off the table. On the other hand, what if the market continues to go up?

For full show notes and additional resources, click here. 

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