28: In this episode, we share 6 major considerations you can use to help guide your year-end financial planning — along with a few suggestions for what to focus on in 2020 to make it a financially successful year.
We dive into the importance of the following year-end planning topics, and explain exactly how to execute on each one:
- Reflect on the progress you’ve made in the last 12 months
- Make plans for the new year, personally and professionally, and make sure the priorities you set last year are still in line with what's important to you moving forward
- Max out your retirement accounts and make sure you hit your savings rate goals
- Evaluate your investment accounts (and make adjustments if necessary)
- Understand how you can make the most of your charitable giving, and know the right moves to make for tax benefits
- Use year-end planning as a trigger to start conversations and brainstorms about what you want the next year to hold
As a bonus, we're also throwing out some suggestions of clear, useful resolutions for your finances in 2020 if you're not sure where to start to make progress.