Financial Check-Up for the New Year
Welcome 2024 with a review of your money matters! Here are three key areas to focus on getting your finances in order:
Part 1: Daily Financial Health
Monitor credit card balances and pay off in full each month
Check credit reports and scores; fix any errors
Create a budget tracking daily essential costs
Maintain good credit history which impacts big purchases like mortgages
Part 2: Growing Your Money
Explore retirement accounts like 401ks, IRAs based on your situation
Learn about investment types and research responsible platforms
Consult a fiduciary financial advisor for guidance on planning
Aim to maximize returns through savvy savings and investing choices
Part 3: Protecting Your Assets
Have private insurance separate from employer policies as a backup
Review beneficiary designations on all financial accounts and update as needed
Create or update your will and explore trusts to secure your wishes
Assign power of attorney so someone can make decisions if you cannot
Consolidate accounts for efficiency and ensure proper protections are in place
This overview can help kickstart getting your money organized for the new year. Please email any financial topics you’d like covered in future shows!
Let me know which you want to deep dove into.
Wishing you prosperity and stability in 2024!
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