RL140 — 16 Financial Steps to Take before Year End

Today on the Retirement Lifestyle Show, Roshan Loungani and Adrian Nicholson go through strategies you can implement to refine your year-end financial plan, set goals for next year, and minimize taxes for this year. They discuss the benefits of planning for major life changes, tax loss harvesting, and the new kid in the block Qualified Charitable Distribution. [01:45] Year-end Planning [02:01] Time to Update Your Financial Plan [04:50] Planning for Major Life Changes [05:18] Reviewing Liabilities on Your Balance Sheet [09:54] Lending Money to the Companies and the Government [13:04] Assessing Asset Allocation Before Year-end [15:31] Difference Between Investment Planning and Having a Plan [17:00] Insurance Reviews and Estate Planning [18:50] A Good Time to Give To Family and Charity [24:57] The Benefits of Gifting Highly-Appreciated Securities [25:48] What is a Qualified Charitable Distribution? [28:57] Funding Future Giving Using Donor-Advised Funds [32:35] Now is a good time for Roth conversions [33:19] Understanding Tax loss harvesting [39:00] Withdrawing the Required Minimum Distributions Before the Year Ends [39:50] Why You Need to Protect Yourself Against Roshan can be reached at [email protected] or at 202-536-4468.  Erik can be reached at [email protected] or 815-940-4652. Adrian can be reached at [email protected] or at 703-915-8905. Follow Us At: Website: https://retirementlifestyleshow.com/ https://www.retirewithroshan.com https://youtu.be/hKVzI87v0tA https://twitter.com/RoshanLoungani https://www.linkedin.com/in/roshanloungani/ https://www.facebook.com/retirewithroshan/ https://www.linkedin.com/in/financialerik/ https://www.linkedin.com/in/adrian-nicholson-74b82b13b/ #retirementlifestylepodcast #fire #podcast #FI #Retire #retirewithroshan #retirement #investing All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.