I know it can be confusing trying to figure out which documents are worth keeping, so we've put together this checklist to help. It covers several documents that you may need to consider keeping in case you encounter any number of issues.
With the election in November came a release of “animal spirits” focused on lower taxes and decreased regulation. Not so fast. If we thought the price of eggs was high last summer, the effects of stagflation would truly shock the senses. This note, however, is not a discussion of the merits or demerits of either policy but, instead, a look at how uncertainty weighs heavily on the financial markets and can, itself, dampen growth.
One of the most basic tenets of sound investing involves the simple habit of “paying yourself first” – in other words, making your first payment of each month a deposit into your savings account. The trick is to prioritize. Make it a point to put your future first. At first, saving may mean a small lifestyle change. But most individuals want to see their net worth increase steadily. For them, finding ways to save becomes more of a long-term commitment than a short-term challenge.
When you read about money matters, you may see the phrase, “getting your financial house in order.” What exactly does that mean? To some, when your financial “house is in order,” it means it is built on a solid foundation. It means that you have the “pillars” in place that are designed to support your long-term financial well-being.
The beginning of the year is a great time to review your goals, savings, contributions, insurance, taxes, estate, and many other plans. This checklist details everything you should consider reviewing at this time.
Stay ahead of your tax planning with our comprehensive 2025 Important Tax Information guide. We review these items as a service to our clients, providing you with the most up-to-date and relevant information for your financial planning needs. Access our guide to ensure you're well-prepared for the 2025 tax year.