It’s Time For Fourth Quarter Financial Reviews – Las Vegas, NV

It’s Time For Fourth Quarter Financial Reviews – Las Vegas, NV

Here we are in the last quarter of 2017!  Reviewing your retirement accounts is essential, but do you realize the benefits of evaluating at the end of the year? Fall tends to be a time many people start thinking about next year and what they want to accomplish.  The benefits of a fourth-quarter review  are many:

Get on Top of Your Taxes- Your tax professional and financial advisor may suggest an extra contribution into pre-tax accounts by the end of this year.  If you didn’t maximize contributions you still have time this quarter to make a one and lower your taxable income.

Make Your Bonus a Bonus- End of year bonuses can be deposited into your retirement account at your request as a pre-tax contribution. 

If you receive a bonus with taxes already taken out, consider adding it to your other after-tax retirement accounts.  Fourth quarter is when many companies announce end of year bonuses.  If you didn’t plan on extra money, use it wisely to increase your retirement savings or reduce debt.

Plan for Next Year- Start the New Year strong with a financial plan in place after our review.  You’re now in position to start your plan immediately next year.  People with a written financial plan are more likely to follow and monitor their plan throughout the year.

Review This Year’s Performance- Reviewing fund and stock performance throughout this past year helps to make portfolio changes for next year.  If your choices didn’t perform to our expectations, it’s time to re-evaluate.

Rebalance Yearly- Over the year portfolios may become unbalanced due to changes in the market value of your funds or stocks.  By rebalancing in the fourth quarter of the year, you’re ready to start the New Year with your portfolio reflecting your investment strategy and tolerance to risk.

Give our Las Vegas office a call to set up your end of the year financial review to prepare your portfolio for 2018.

About Author

Related posts

Privacy, Social Media and You

In April 2018 Facebook’s CEO, Mark Zuckerberg’s admittance of Facebook user’s data used by Cambridge Analytica in our last presidential election has caused an emotional reaction in Americans and lawmakers alike.  Zuckerberg admitted that controls to prevent such a leak were not in place and that, he too, believes social...

Read More

The Inflation Factor

Despite the fallout to investor’s portfolios, job losses, and the overall downward turn of the American economy during the recession, we have benefitted from relatively low inflation rates.  While the US and other countries control monetary policy, there is never a way to avoid inflation after a recession; it’s part...

Read More

Leave a Reply