Your Money & Your Life Podcast

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Use the 3rd & 4th Quarter to Get Your Finances Organized

September 5, 2019

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.

Check out the full show notes by clicking here.

Today's rundown:

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?