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.
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?
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