Year-End Money Planning
Your comprehensive guide to wrapping up your finances before December 31
Year-End Planning Calculator
Calculate your year-end financial moves and potential savings
Tax Planning Opportunities
Charitable Donations
Tax-deductible giving before Dec 31
HSA Contributions
Max: $4,150 individual / $8,300 family
Tax-Loss Harvesting
Offset capital gains with losses
Additional 401(k)
Remaining contribution room
Total Potential Tax Savings
By taking action before December 31
Comprehensive Year-End Planning Guides
Dive deep into specific areas of your financial life with our detailed planning guides. Each guide provides actionable strategies, calculators, and expert insights to help you finish the year strong.
Budget Review & Adjustment
Analyze your spending patterns and optimize your budget for the year ahead with our comprehensive review process.
Read Guide →Savings Goals for Next Year
Set strategic savings targets and create a roadmap to achieve your financial goals with proven methods.
Read Guide →Debt Payoff Strategy
Accelerate debt elimination with year-end tactics, refinancing options, and proven payoff strategies.
Read Guide →Credit Report & Score Check
Review your credit health, dispute errors, and implement strategies to improve your credit score.
Read Guide →Complete Financial Reset
Start fresh with a comprehensive 90-day financial reset plan covering all aspects of your financial life.
Read Guide →Essential Year-End Financial Tasks
As the year draws to a close, it's crucial to review and optimize your financial situation. Taking action before December 31 can help you maximize tax benefits, reach savings goals, and start the new year on solid financial footing.
Why Year-End Planning Matters
Many tax-advantaged opportunities and financial deadlines occur at year-end. Acting now can save you thousands of dollars and set you up for success in the coming year.
Your Year-End Financial Checklist
Review Your Financial Goals
- Assess progress toward your annual financial goals
- Calculate your net worth and compare to last year
- Review your budget and spending patterns
- Identify areas for improvement in the coming year
Maximize Retirement Contributions
- Max out your 401(k) contributions (2024 limit: $23,000)
- Make IRA contributions before April deadline
- Take required minimum distributions if over 73
- Consider Roth conversions if appropriate
- Review and rebalance your investment portfolio
Health Savings Account (HSA) Planning
- Maximize HSA contributions (2024 limit: $4,150 individual, $8,300 family)
- Submit FSA reimbursements before year-end
- Plan for next year's healthcare expenses
- Review health insurance options during open enrollment
Quick Action Items
- ☐ Review all investment accounts and rebalance if needed
- ☐ Harvest tax losses to offset capital gains
- ☐ Make charitable donations before December 31
- ☐ Use up FSA funds or plan carryover
- ☐ Review insurance coverage and beneficiaries
- ☐ Schedule time to organize financial documents
- ☐ Update your financial goals for next year
Estate Planning Review
Year-end is an excellent time to review your estate planning documents:
- Update beneficiaries on all accounts
- Review your will and trust documents
- Consider annual gift tax exclusions ($18,000 per person in 2024)
- Ensure your power of attorney and healthcare directives are current
Document Organization
Get organized for tax season and the year ahead:
- Gather all tax documents (W-2s, 1099s, receipts)
- Organize charitable donation receipts
- Document any major purchases or life changes
- Create a filing system for the new year
- Back up important financial documents digitally
Start the New Year Strong
By completing these year-end tasks, you'll enter the new year with clarity, organization, and optimized finances. Take action now to maximize your financial potential.