Ep #15: Finish The Year Off Strong
As the year comes to a close, it's important to take stock of your financial situation and make sure you're set up for success in the coming year. In this episode, I’m giving you a list of to-dos to focus on and accomplish before the end of the year so you can get your financial house in order. By taking care of these few things now, you’ll be able to start 2023 on the right foot and set yourself up for financial success.
Get your pen and paper ready to take notes as I explain how tax loss harvesting works, where you could leverage ETFs in your portfolio, and when to make charitable donations based on your itemizations. I also share what to look for with your financials if you’re over 72 years old (or know someone who is), when to consider converting your IRA to a ROTH, and how to prepare for a slower economy in the coming year.
Listen to the Full Episode:
What You’ll Learn in Today’s Episode:
How tax loss harvesting works.
Where ETFs could be important in your portfolio.
How itemization changes for your tax return.
What to look for if you’re over 72 years old.
When to consider converting your IRA into a ROTH.
How to prepare for a slower economy.
How to rebalance your portfolio.
Ideas Worth Sharing:
“You need to sit down with an investment professional if you don’t understand anything I’m saying right now.” - Stanley Funches
“We need to prepare for a slower economy.” - Stanley Funches
“Understanding what your risk tolerance is for 2023 is very important.” - Stanley Funches
Resources Mentioned:
The Quest For Financial Independence by Stanley Funches
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