EP.54 - What Financial Issues Should You Consider at the Start of the Year

In this episode of Your Investment Partners, hosts Garrett and Paul discuss essential financial planning steps to start the year off strong. They emphasize the importance of setting financial goals, reviewing cash flow, and making strategic adjustments to investments. The conversation covers inflation’s impact on savings, maximizing tax opportunities, and reviewing insurance and estate plans. They also highlight key considerations for Roth conversions, debt management, and identity protection. Tune in to ensure your financial foundation is aligned with your long-term objectives.  Key Points From This Episode  Importance of setting financial goals at the beginning of the year Reviewing cash flow and day-to-day spending habits Inflation’s impact on long-term financial health Evaluating tax-saving opportunities, including Roth conversions Managing debt and reassessing mortgage or loan payments Checking insurance coverage to avoid being over- or underinsured Reviewing estate plans and beneficiary designations Strategies for protecting against identity theft and credit fraud Adjusting investment allocations to align with upcoming expenses Preparing for tax season and potential changes in tax laws  Want to learn more? Contact us here  Useful Links  Garrett on LinkedIn Paul on LinkedIn Ascend Investment Partners