As we continue along the monthly process of improving our financial health I introduced in last month’s blog (Click here to read), we move toward cleanup, organization and simplification of our financial accounts.
Monthly Project Recap:
- January – Set your intentions (goals, budgets, contributions)
- February – Prepare for tax time (organize, file, invest)
- March – Simplify your investments (old accounts, streamline, automate)
Now that we’ve moved past the start of the new year, hopefully you’ve established your financial goals for 2020 and drafted your annual budget. That was the focus of January’s challenge and, of course, it’s never too late to act on these objectives.
February’s challenge took us into organization mode as we prepared for tax time by gathering last year’s records, receipts and all of the other documents you need for the task. Are you ready to file? Have you thought about how you might invest your tax refund? We can help you make the right decisions.
As you start to become more intentional about your finances, the challenge for March looks at simplifying your investments. Do you have a 401(k) from a previous employer that needs to be rolled over? Is your current plan set up to give you the best return on your investment? Consider simplifying your plans into a single investment of a diversified portfolio. It makes it easier for you to manage and to set up automated contributions into the account.
For April, we are checking on your credit, reviewing your debt and making an effort to improve your financial standing. Are you ready to dig deeper into resolving financial issues? Stay tuned…
While we go through this process together, feel free to contact us with any questions you have. We’re here to help you pursue your financial goals! (Click here to contact us now.)
Check back for more updates in the coming months! Find more updates and follow along here.
A New Year Awaits: Your 2020 Financial Plan
Article from T. Rowe Price
Our monthly planning guide gives you tips and ideas that can help as you’re putting together your plan—and monitoring it—throughout 2020. Click here to read this article.
Blog by Brian Biggs, CPA – Financial Advisor, Senior Tax Professional