The end of the year is a natural time to take stock of your financial picture. This includes the insurance coverage that protects your income, family, and assets. Life changes, inflation, and shifting financial goals can all affect how much coverage you need. A quick review now can help ensure your protection strategy keeps pace with your life. Review Your Core Coverage Start by revisiting your key insurance policies to make sure coverage levels are still appropriate: ·

As the year comes to a close, it’s a good time to check in on your investment portfolio. Market fluctuations, changing interest rates, and personal milestones can all impact whether your investments still align with your goals and comfort with risk. A thoughtful year-end review helps ensure your portfolio remains well-balanced and positioned for the long term. Rebalance Your Portfolio Throughout the year, different parts of your portfolio may perform differently. Stocks might

What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different categories, such as "Filing Status" or "Employee Matters," for ease of reading. When year-end approaches, it might be wise to review each suggestion under the categories that may apply to you. Filing status and dependents · If you're married (o

Planning on working during retirement? If so, you're not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years. Why work during retirement? Obviously, if you work during retirement, you'll be earning money and relying less on your retirement savings — leaving more to potentially grow for the future and making your savings last longer, as shown in the example below: Assumptions: · Retirement sav