It’s the Most Wonderful Time of the Year to Plan for Your Future


It’s the Most Wonderful Time of the Year to Plan for Your Future Barnett Financial & Tax

It’s the most wonderful time of the year for many things – eating too much, seeing friends and family, and giving and receiving gifts. The end of the year is also a good time to review your finances from 2021 and get ready for 2022 and beyond. Here are three reasons why it’s the most wonderful time of year to plan for your future.

It’s Time to Review Your 2021 Finances

 The end of the year is a good time to review where 2021 has left you, prepare for tax season, and make a budget for next year. You might also review your portfolio and consider if you’ll need to change your investment strategy as you get closer to retirement. This year, the market reached record highs, but how long will the bull market last? No one can predict the future, but everyone can make a plan to weather the storms we could face in the future.

It’s Cold Outside

The weather may be a bit dreary, so why not stay inside and review your finances? Make yourself a hot chocolate and gather your important documents to review. The first step is to get organized and make copies of important documents you wouldn’t want to lose. If you have a home office, now is a good time to get everything cleaned up and filed away. Before you know it, tax season will be upon us, and spending time getting organized now could save you stress later on when you’re gathering everything you need to file your taxes.

Time With Family Makes You Think About the Legacy You Want to Leave

Our families can sometimes drive us a bit crazy during the holidays, but this time of year also reminds us of how important our loved ones are. Take some time to talk to your spouse about what you want your retirement to look like and what kind of legacy you want to leave. A comprehensive retirement plan can help you achieve your retirement goals and include an estate plan that helps you pass on something to your loved ones.

It’s the most wonderful time of the year to get started on your financial plan for the future, and we’re here to help. At Barnett Financial and Tax, we help our clients create a comprehensive retirement plan based on their unique retirement goals. Click HERE to sign up for a time to meet with us to discuss what you want your retirement to look like and how we can help you make it happen.

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