As the year comes to a close, a little preparation can make a big difference for your financial future. Use this simple checklist to finish strong and set the stage for a successful year ahead.
1. Review Your Budget and Cash Flow
Take a clear look at where your money went this year. Identify areas to adjust so your 2026 budget reflects your current goals and priorities.
2. Maximize Retirement Contributions
Make the most of your 401(k), IRA, or other retirement accounts. If eligible, consider catch-up contributions to boost your savings.
3. Use Remaining Benefits
Check your FSA balance, health benefits, and any other programs that may expire at year-end. Schedule appointments or make eligible purchases now.
4. Evaluate Investment Performance
Review your portfolio to see if it still aligns with your goals. Rebalancing before the year ends can help keep your strategy on track.
5. Plan for Taxes Early
Explore opportunities to reduce your tax burden through charitable giving, deductions, or contributions. A little planning now can help you avoid surprises in April.
6. Check Your Emergency Fund
Ensure you have enough savings to cover at least three to six months of expenses. If needed, create a plan to build it up in the new year.
7. Update Your Goals and Documents
Review your financial goals, will, beneficiary designations, and important documents to make sure everything reflects your current situation.