Episode 25 - End of Year Planning

Summary In this conversation, Mike and Amy discuss essential financial planning strategies to consider as the year comes to a close. They cover topics such as maximizing retirement contributions, reviewing investment portfolios, preparing for tax season, and the importance of insurance and estate planning. The discussion emphasizes the need for proactive financial management to ensure a strong financial position heading into the new year. Chapters 00:00 End of Year Financial Planning Essentials 03:17 Maximizing Retirement Contributions 06:22 Investment Portfolio Review and Rebalancing 09:26 Preparing for Tax Season 12:20 Insurance and Estate Planning Review 15:26 Cash Flow and Budgeting Strategies 18:24 Planning for College Expenses Takeaways Maximize your retirement contributions before the year ends. Review your investment portfolio for necessary adjustments. Create or update your financial inventory for better clarity. Prepare for tax season by organizing financial documents early. Review insurance coverage to ensure adequate protection. Update your estate plan to reflect any life changes. Track your cash flow and budget to align with your financial goals. Understand FAFSA requirements for college planning. Don't procrastinate on financial deadlines; act early. Finish the year strong with comprehensive financial planning. Operation Retirement Readiness:  www.operationretirementreadiness.com Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/    Schedule a consultation with Amy: https://www.instarfp.com/contact Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.