The second half of the year can be a great time to evaluate your portfolio and take the necessary steps to get your finances organized. If you don’t know where to start, we’ll give you a checklist of items you should be focused on during the 3rd and 4th quarter.
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It’s easy to put our finances on autopilot as the year comes to an end but the 3rd and 4th quarter can be a great time to evaluate your portfolio and take action.
As we move into the second half of 2019, let’s lay out a list of items that you need to look over. It’s always easiest to utilize a financial advisor to walk you through each of these and help you decide what’s best for your goals, but this checklist will give you an overview of areas that can be adjusted before they end of the year.
Don Cash will also spend some time during this episode explaining why each of these items is important. By getting ahead of changes that are coming down or taxes that are looming next spring, you’ll be able to maximize your investments and keep you on the right track for retirement.
This episode of Your Money & Your Life will answer a listener question about what kind of returns you should be seeking in retirement investments, and we’ll close out the show by getting to know Don Cash a little more.
Listen to the entire show above or click the timestamps below to skip ahead to a specific segment.
1:20 – What we’ll talk about today in 3rd & 4th quarter planning.
1:36 – Item 1: IRA and Roth IRA planning. Opportunity to evaluate your accounts and see if you can move money into Roth.
3:44 – Item 2: Charitable donations. Consider donating out of your IRA.
5:30 – Item 3: Update your retirement income estimates.
5:49 – Item 4: Rebalance the portfolio if needed.
6:23 – Item 5: Planning for taxes.
7:18 – Item 6: Make sure your legal documents are updated.
9:41 – Cash Connection, Question 1: What kind of annual return should I be seeking on investments in my retirement?
10:42 – Don shares a story about a recent experience where technology wasn’t front and center.
13:27 – Getting to Know Don: If time and money wasn’t an issue, what hobby would you take up?
15:14 – Getting to Know Don: Who is someone that always makes you laugh?
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Donald W. Cash – CPA, CFP® is an independent advisor. Don began his career in 1985 as an accountant after graduating Rutgers University. In 1990 he entered the field of Estate Planning with a concentration in long term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs. He advoctaes a holistic approach to Estate and Financial Planning as has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers. Don is married to Cathy and have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.