We\u2019re just barely past Labor Day, the kids are back in school, and the Bengals are only a couple games into the season. So why am I already talking about year-end financial planning? Because, like Christmas decorations in October, it sneaks up on you faster than you think.<\/p>\n
Here\u2019s the thing\u2014whether you\u2019re managing a big portfolio or your main savings vehicle is a company 401(k), the time to think about year-end moves is now, not when you\u2019re juggling holiday parties and trying to find batteries for that one toy your grandkids have to have.<\/p>\n
For starters, contribution deadlines matter. If you want to max out your 401(k) this year, you can\u2019t just toss in a lump sum on December 31st. Payroll systems don\u2019t work like that, and HR isn\u2019t exactly thrilled when you try to rewrite the plan at the eleventh hour. Spreading those contributions out over the remaining paychecks makes life a whole lot easier.<\/p>\n
Next, taxes. Certain strategies\u2014charitable contributions, Roth conversions, realizing gains or losses\u2014have to be done before December 31st. Waiting until the last week of the year means you\u2019re calling your advisor while they\u2019re standing in line at Kroger with a cart full of eggnog and wrapping paper. Not ideal.<\/p>\n
And finally, it\u2019s about peace of mind. If you know your savings plan is on track, you can actually enjoy the holidays without the nagging thought that you \u201cshould\u2019ve done something\u201d with your investments before the ball dropped in Times Square.<\/p>\n
So yes, I\u2019m the guy telling you to think about year-end planning before the leaves have even turned. But trust me\u2014your future self will thank you. And your advisor? They\u2019ll thank you too when you call now instead of December 28th.<\/p>\n
Please contact us through the contact page HERE,<\/a> directly to Joe Lind at jlind@dinergywealth.com<\/a> or call Joe at 513-878-0195. Remember, we focus on growth – done TOGETHER.<\/p>\n","protected":false},"excerpt":{"rendered":" We\u2019re just barely past Labor Day, the kids are back in school, and the Bengals are only a couple games into the season. So why am I already talking about year-end financial planning? Because, like Christmas decorations in October, it sneaks up on you faster than you think. Here\u2019s the thing\u2014whether you\u2019re managing a big […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_oasis_is_in_workflow":0,"_oasis_original":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[],"class_list":["post-1263","post","type-post","status-publish","format-standard","hentry","category-financial-preparedness"],"yoast_head":"\n