Year-End Financial Checklist: Taxes, Retirement, and Beyond

As the year draws to a close, now is the perfect time to take a proactive approach to your finances. Whether you’re an individual taxpayer, business owner, or nearing retirement, reviewing your financial situation now can help you start the new year with confidence and clarity.

To make the process easier, here’s a practical checklist to ensure you’re on track:

1. Get Your Tax Documents in Order

Start gathering the paperwork you’ll need for tax season, such as:

• Income statements (W-2s, 1099s)
• Receipts for deductible expenses
• Records of estimated tax payments
  

Organizing these documents now can make tax filing much smoother and help you avoid any last-minute rush.

2. Review Your Retirement Contributions

Take a look at your retirement savings to see where you stand for the year:

• 401(k) or IRA Contributions: Have you contributed as much as you planned this year? You still have time to add more if you’re under the annual limits.
  

Reviewing your retirement accounts now can help you take advantage of potential tax benefits and keep your long-term goals in focus.

3. Evaluate Year-End Financial Opportunities

Consider any final steps that could positively impact your financial outlook:

• Charitable Giving: If you plan to donate, finalize contributions before December 31 to benefit this year’s taxes.
• ​Investment Review: Look at your portfolio to see if adjustments are needed to stay aligned with your goals.
• ​Tax Planning: Review your current tax situation to identify potential savings or avoid surprises when filing.

4. Reflect on the Year and Plan Ahead

Take a moment to review your overall financial picture:

• Did you meet your financial goals this year?
• Are there changes you’d like to make for next year, such as increasing savings, adjusting your budget, or setting new financial priorities?
  

A clear plan now can help you start the new year with confidence.

Need Help Closing Out the Year?

Year-end planning can be complex, and every financial situation is different. Working with an experienced professional can ensure you’re making the right decisions.
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Schedule an appointment with Larry Bradford, CPA, to get personalized guidance for your taxes, retirement, and financial goals. With over 40 years of experience, Larry can help you navigate year-end planning and set you up for success in the year ahead.

​Don’t wait - contact Larry today to secure your spot before the year ends!