3rd and 4th Quarter Financial To-Do List

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Manage episode 239872416 series 2366549
By Matt Hausman. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

We’ve already rolled into the third quarter of the year and that presents us with a great opportunity to evaluate our portfolio. Giving your plan a check-up will help keep it on track headed towards your goals so use this checklist focus on the most important questions.

Check out the full show notes by clicking here.----more----

Today's rundown:

0:35 – Introducing today’s topic.

2:30 – Understanding where we’re putting our money in a company plan.

3:15 – Ask if your company has a Roth 401(k) option.

4:41 – First thing we’re taking a look at.

4:57 – How Matt is investing right now based on current tax code.

5:21 – The difference in a Roth IRA vs Roth 401(k)

6:34 – Second thing to check: what allocation options are available to you and what are you currently in. Is your risk level where it should be?

7:46 – Next item: Is it time to rebalance the portfolio?

9:15 – Next item: What is your tax return going to look like at this point?

11:05 – Another thing: Is there opportunity for Roth conversion? An explanation follows.

12:05 – The difference between contribution versus conversion.

12:59 – In addition to the rebalancing, you want to try and take advantage of tax lost harvesting.

14:09 – Do you know what your Social Security estimate is? What about your pension if you have one?

16:01 – Understand the difference between good debt and bad debt with some examples.

18:39 – Reviewing your mid-year checklist.

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