Good Financial Reads: Year-end

It’s hard to believe we’re halfway through 2021’s fourth quarter. The clock is ticking on the 2021 tax year. This week I’m going to share some strategies investors should have on their radar screen as the year winds down. While I’m sharing some year-end planning strategies, you should consider these as elements in a multi-year planning process.

As we all get ready for an unusual holiday season, it is easy to forget the housekeeping items we need to take care of before the year runs out. A smart investor plans ahead to end the year in good shape and starts the new year with the right foot. Here are three things you need to do today to prepare for the new year.

At The Sum we love planning; it’s our passion.  We believe that financial planning is an ongoing process rather than a one-time event.  Life is dynamic, and your planning should be also. We recommend reviewing your current financial plan often, and especially towards the end of the year.  Here are a few tips to take full advantage of the current year.

Though it may seem that we’ve just put last tax season to rest, the time is now to make final contributions and adjustments to optimize your client’s 2021 taxes. As there is never a dull moment in the tax world, 2021 offers a few unique (and temporary) items to be aware of. Let's review everything you need to think about as we wrap up 2021 and prepare for the upcoming tax season.