If you’ve built meaningful savings, accumulated investments, or own a business or property, you’re in a strong financial position, but that also means your decisions carry more weight. As 2025 comes to a close, now is the time to take proactive steps to protect your progress and prepare for what’s ahead.
This checklist is designed to help you make the most of your wealth, reduce taxes, and help set the stage for long-term success.
1. Improve Retirement Contributions Before Year-End
You may be eligible to contribute more than you think, and every dollar counts toward tax savings and future growth.
Checklist:
- Max out your 401(k), 403(b), or 457 plan contributions
- Consider backdoor Roth IRA strategies if income limits apply
- Review catch-up contributions if you’re age 50 or older
2. Optimize Your Tax Strategy
With new legislation and shifting income brackets, tax planning is more important than ever.
Checklist:
- Harvest capital losses to offset gains
- Time income or bonuses strategically
- Make charitable donations before December 31
- Review itemized deductions vs. standard deduction
3. Rebalance Your Investment Portfolio
Market volatility and interest rate changes may have shifted your asset allocation.
Checklist:
- Review your risk tolerance and time horizon
- Rebalance to maintain your target allocation
- Consider tax-efficient investments
4. Review Healthcare and Insurance Coverage
Healthcare costs are rising, and insurance gaps can be costly.
Checklist:
- Evaluate your health insurance during open enrollment
- Improve HSA contributions if eligible
- Review long-term care and disability insurance options
5. Plan for Real Estate and Property Holdings
If you own a home, cabin, or rental property, now is a good time to assess your strategy.
Checklist:
- Review mortgage terms and refinancing options
- Evaluate rental income and expenses for tax reporting
- Consider estate planning implications for property transfers
6. Update Your Estate Plan
Even if you’re not subject to estate taxes yet, planning ahead can help protect your family and your legacy.
Checklist:
- Review wills, powers of attorney, and healthcare directives
- Update beneficiary designations on retirement accounts and insurance
- Consider trusts for asset protection and tax efficiency
7. Set Financial Goals for 2026
A clear plan can help turn wealth into more freedom and confidence.
Checklist:
- Define 1–3 financial goals (e.g., early retirement, travel, gifting)
- Create a savings and investment roadmap
- Schedule a financial review to align your plan with your financial goals
Let’s Help Your Wealth Work Smarter
You’ve built a strong foundation. Now let’s make sure it’s working as hard as you are. Whether you’re planning for retirement, managing growing portfolio, or preparing for a major life transition, I’m here to help you navigate the next chapter.
Together, we can work to keep you on-track toward your financial goals.
Request a consultation to learn more.
Read more articles by Ryan Johnson