It’s Time for Your Financial Planning Check Up It’s that time of year again. Have you thought about these financial planning issues lately? Retirement Planning
Have you reviewed your retirement savings plan in the last 12 months? Will you have enough saved to retire? Are you taking full advantage of maximizing contributions to IRAs and 401(K) retirement plans? Have you analyzed the potential benefits of a Roth IRA conversion?
Estate Planning
Have you reviewed and updated your will, power of attorney and health care proxy documents within the last 3 years? Are your beneficiary designations on retirement accounts and life insurance policies up to date, accurate and coordinated with your estate plan? Does a long term care policy make sense for you?
Education Planning
Have you determined your education funding objectives for children and grandchildren? Are you taking advantage of the tax favored investment vehicles such as 529 plans? Have you considered UGMA/UTMA accounts?
Investment Planning
Have you reviewed and updated your investment policy statement within the last 3 years? Have you rebalanced your portfolio in accordance with your investment policy within the last 12 months? Are your investments properly diversified? Should you rebalance your portfolio?
If we can be of assistance in any of these areas please call or email DeJoy, Knauf & Blood’s Personal Tax Department today. We can add clarity to your complex financial planning decisions.
585.546.1840 dstein@teamdkb.com