Can you believe it’s already mid-November? We’re prepping for end of year things and thought it might be helpful to share some financial planning items you may want to think about as well.
Know what kind of an impact your money is having. It’s important to know what your money is actually doing, whether it’s being held by a bank or invested. Check out our resource on 4 ways you can align your money with your values.
Check in on your financial and investment plan. How does everything look? Any upcoming life changes to think about for next year? Eg. Buying a house, starting a business, having a baby, etc.
Maximize your retirement savings for the year. Think about maxing out your 401k and IRA contributions. Max 401(k) contributions for 2021 are $19,500. Next year the limit will be increased to $20,500. And the contribution limit for most IRAs is $6,000 a year.
Revisit your giving plan. This is a great time to go back to your annual giving plan and see how you’re doing. Are you on track to reach your giving goals for the year? If you’re looking to start giving more intentionally, here’s our guide to upgrade your giving.
Check in on your accounts. This is always a good idea. Knowing what you have and what it’s invested in is so crucial to your financial wellbeing. Here’s what to look for in each of your accounts.
Happy beginning of the holiday season!
