Friends,
As we enter 2025, it is a great time to review all areas of your financial plan. The New Year provides the opportunity to incorporate any changes during the last year or fine-tune goals for the next twelve months. The questions for each topic below are meant to stimulate discussion and action. We would be happy to have more detailed conversations should any of these topics/questions apply to you.
Financial Planning
- Have you set financial goals for 2025?
- Have you reviewed your entire balance sheet to see how everything works together?
- Are you on track to reach your long-term financial goals?
Investment Strategies
- Are you comfortable with your current investment strategy?
Retirement
- Did you retire this year, or will you retire in the next five years?
- Do you have questions about Required Minimum Distributions?
- Do you have a cash flow plan for retirement?
Income Tax Planning
- Did your income significantly change this year, or will it change next year?
- Do you plan on making charitable contributions?
- Have you had a CPA run projections for 2025 income tax planning?
- Would 2025 be a good year for a Roth Conversion?
Estate Planning
- Has anything changed regarding your estate?
- Are your documents (Will, POA, etc.) up to date?
- Do your beneficiaries need to be revised?
- Are you planning to make any non-charitable gifts (to family members, etc.) this year?
Insurance
- Do you have enough life insurance? Do you have too much?
- When was the last time you had an insurance review?
Business Owners
- Have you updated your business plan for 2025?
- Are you taking maximum advantage of qualified retirement plans for business owners?
- Do you have a succession plan?
- Are you looking to exit your business in the next few years?
- Have you been approached by a potential buyer and want to learn more about the selling process?
Please let us know if we can assist with 2025 planning in any of the above areas. We’d love to help!
Matt and Andrew