New Year's Financial Checklist

New Year's Financial Checklist

This year, why not resolve to make your finances a priority? With just a few hours of planning, you can start to get your financial house in order. Here is a checklist to get you started:

1. Create a budget. Track where your money goes to start saving.

2. Take control of debt. Kickstart your savings plan by paying down your debt.

3. Review your retirement plan contributions. By saving earlier, you’ll increase your potential retirement nest egg.

4. Make catch-up contributions. If you are age 50 or older, contribute above the regular limit if possible.

5. Rebalance plan investments. Align your portfolio with your risk tolerance and objectives.

6. Create a Will. Ensure that your personal belongings, assets, and investments go to your beneficiaries.

7. Build an emergency fund. Hedge against unemployment or unanticipated expenses—save six to 12 months of living expenses.

8. Check your credit report. Review your credit report to check for fraud and accuracy at

9. Review insurance coverage. Make sure you’re ready for the unexpected by checking your insurance coverages.

10. Talk with your financial advisor. Your financial advisor doesn’t just manage your money. Your financial advisor can be a sounding board for your ideas and can offer different ways to help you reach your goals.


Contact us today to learn more about personalizing your financial services.