In this episode, Tim Goodwin and Justin Pitcock walk listeners through the Year-End Financial Planning Checklist designed to help you close out the year with a solid financial plan. The conversation covers critical topics like:
- Reviewing estate planning documents (wills, trusts, POAs, and healthcare directives).
- Updating beneficiary designations to ensure alignment with your wishes.
- Preparing a list of instructions for loved ones in case of death or disability.
- Exploring the benefits of giving early inheritances within the annual exclusion limit.
- Maximizing 401(k) contributions and understanding new catch-up contribution rules.
- Evaluating the benefits of Roth conversions for long-term tax strategy.
- Rebalancing portfolios to ensure alignment with risk tolerance and time horizon.
- Managing concentrated stock positions to mitigate risks.
- Utilizing tax strategies like capital gains harvesting and loss carryforwards.
- Leveraging Health Savings Accounts (HSAs) for triple tax advantages.
- Exploring donor-advised funds (DAFs) for streamlined and impactful charitable giving.
- Utilizing state-specific tax strategies like Georgia’s Heart and Goal Programs and SALT cap workarounds
Want to dive deeper into these strategies? Download our Curated End-of-Year Planning Guide to make the most of your financial planning this season. Download Now
The Money PIG podcast is hosted by Reid Trego. Goodwin Investment Advisory is a Registered Investment Advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with securities laws and regulations. Goodwin Investment Advisory does not render or offer to render personalized investment or tax advice through the Money PIG podcast. The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.
For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Goodwin Investment Advisory is an SEC-registered investment adviser (CRD #131193), and this episode is produced by evanced.net. This podcast is for informational purposes only and is not investment advice or a recommendation to buy or sell any financial products, securities, digital assets, or other investments. It should not be used as the basis for any financial decisions. The host and/or guests may personally hold investments mentioned in this episode. All investments involve risk, and past performance does not guarantee future results. Please consult with a qualified financial adviser, tax professional, and attorney before taking action on any information shared.
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