Your Financial Planning To-Do-List for 2024
It’s a concise, useful, and all-around fantastic checklist with relevant links. Here’s Successful Portfolios’ twelve-step Financial Planning To-Do-List for 2020 and beyond. It’s a must-read for anyone serious about personal finance.
- Inventory and record all your financial accounts and verify correct titling
- Designate account beneficiaries to avoid probate
- Prepare a Personal Financial Statement (PFS) and calculate your net worth
- Analyze your 2019 spending and consider making a budget for 2020
- Check your credit score and open balances owed
- Pay off expensive revolving credit accounts (but don’t close them)
- Download your social security statement
- Gather and consolidate your stranded retirement accounts
- Evaluate the tax efficiency of your charitable giving
- Invest excess, low yielding, cash balances
- Stress-test your investment portfolio
- Schedule a financial review with a well-qualified advisor
Call Successful Portfolios. Our Certified Financial Planner pros will guide, coach, and motivate you to complete your financial planning to-do list. You’ll be glad you did.
