Your Year-End Financial Planning Checklist
On today’s episode of A Wiser Retirement™ podcast, Casey Smith, Missie Beach, CFP®, CDFA®, and Michaela Dowdy, discuss the importance of having a financial plan and a checklist for year-end financial planning. They suggest creating a personal balance sheet to determine how much cash and emergency funds are available. The end of the year can be a good time to sit down and review your expenses, and see if there are any unnecessary expenses to cut back on. They also emphasize building an emergency fund that is at least six months of expenses if you don’t have one in place already. They also talk about how to beat inflation using high-yield savings accounts. They also suggest maxing out 401k’s and considering a Roth conversion to save on taxes in the future. Listen to the episode to see what’s on the full checklist!
At the end of the episode, Casey Smith is joined by Orrin “Checkmate” Hudson for a short segment. Orrin runs Be Someone, an organization that teaches young people to move with love through the game of chess. His mission is to encourage people to focus on improving themselves and become stronger, instead of blaming external factors such as the government or societal norms. Orrin briefly shares his life story about being in a gang and how he turned his life around. He strives to help kids who are in a situation he was once in. He is hosting a free leadership training on December 22, 2023, in Atlanta. To learn more about this opportunity, click here.
Listen or Watch on YouTube:
LINKS:
Learn more about Casey Smith, Missie Beach, CFP®, CDFA® and Michaela Dowdy.
Click here to download our eBook on “Buyer Beware: Why do they keep trying to sell you that annuity?”
CONNECT:
Twitter, Instagram, Facebook, LinkedIn, and YouTube.
Learn more about A Wiser Retirement™ podcast and access previous episodes.
Recent posts
Share This Story, Choose Your Platform!
Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.
Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.
To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.
