As we approach the end of 2024, it’s time to take a good look at your finances and plan for the year ahead. Think of this as your annual financial checkup—a chance to ensure that you’re on a strategic path and not missing any opportunities. Have you maxed out your retirement savings for 2024? Is this the time to do a Roth IRA conversion before the end of this tax year?
Answers to these questions and more may help you save on your tax bill now and help boost your long-term investment strategy.
2024 Year-End Financial Planning Checklist
This guide will help you get ready for the end of the year, covering all the important issues you might want to chat about with your financial advisor, along with suggestions on topics to discuss and small things you can do immediately to get started. Read more >
Consider a Roth IRA Conversion
The Roth conversion presents a unique opportunity for investors looking for tax-free income during retirement. With some careful planning, this strategy can help maximize future retirement savings and add another layer of tax diversification to your portfolio. Read more >
Backdoor Roth IRA Contributions May Be Another Useful Tool
The Backdoor Roth IRA strategy can be highly effective for creating tax-free income in retirement, but it’s also quite complex. It is important to understand the rules for using this strategy and what circumstances may make it beneficial. Read more >
We hope you find these articles informative and helpful for your year-end financial planning and possible tax savings strategies. If you have any questions regarding these topics or would like discuss your financial situation, feel free to contact us or speak with any of our financial advisors. We’re here to help!