Your Year-End Financial Checklist

It’s December! Before the New Year arrives, don’t forget to button up your financial life by checking off these important to-dos, where appropriate for your personal situation.

  • Maximize your retirement account contributions (including catch-up contributions if you are over 50 years old)
  • Donate to charity before December 31 to take advantage of deductions on this year’s taxes
  • Review the beneficiaries on your accounts / policies, and make updates as necessary
  • Determine your Social Security benefit election strategy
  • Review your will and trust provisions to ensure they are still aligned with your wishes
  • Take your RMDs (required minimum distributions) if you are age 70 ½ or older
  • Update your tax withholding in light of a major life event (if you were married, divorced, had kids, etc.)

The last few weeks of the year are always a busy. But, setting aside a bit of time to go through this year-end checklist will be well worth the investment, helping you maintain your financial house and giving you peace of mind as you wrap up the year.


This information is provided for general information purposes only and is not intended to provide specific investment advice. The information in the articles should not be relied on for tax reporting, accounting, or valuation purposes. Past performance is not a guarantee of future performance. It is not possible to invest directly in an index.

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2018-12-17T12:58:46+00:00

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