Your Year-End Financial Checklist: 8 To-Dos to Complete by December 31st | E125
The holiday season is in full swing and I’m so excited to spend the next month celebrating with friends and family. With all of the parties and get-togethers, it will be 2024 before we know it. But before we say goodbye to 2023, I have a few things I want you to check off your to-do list.
In today’s episode, I’m going to give you a financial checklist of 8 tasks you may want to consider doing by Dec. 31 to tidy up your finances. Don’t worry, all of these tasks take 30 minutes or less so you can get back to enjoying the holidays.
So if you’re ready to set yourself up for financial success in 2024, let’s get into the 8 tasks on the end-of-the-year financial checklist.
Key Takeaways:
- 8 easy and essential year-end tasks to complete
- Reviewing your retirement accounts and adding additional contributions where you can
- Rebalancing your assets to stay aligned with your investment strategy
- Creating a debt payoff plan for 2024
- Conduct a year-end tax review to maximize your savings
- Applying tax loss harvesting to offset capital gains
- Completing a Roth conversion to take advantage of a low effective tax rate
- Reviewing your budget and finding areas to cut costs
- Where to get your free credit report and a simple task to improve your credit score
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