Ep 43 - Don’t Wait Until December: Your Year-End Financial Checklist

Year-end financial planning can make a major difference, and there is still time to act. On this episode of Metcalf Money Moment, Jeb, Ethan and Eric revisit key moves to make before December 31, including maximizing 401(k) contributions, reviewing taxes, considering Roth conversions, harvesting losses, and completing required minimum distributions. They also discuss HSAs, qualified charitable distributions, donor-advised funds, beneficiary reviews, insurance, and engaging your tax preparer early. What You Will Learn in This Episode: ✅ Why September and October are ideal times to review your income, taxes, retirement contributions, and financial changes before year-end deadlines. ✅ How Roth conversions, tax-loss harvesting, and portfolio reviews can factor into year-end tax planning and why your current income level matters. ✅ Why you should review 401(k) and HSA contributions before December 31, understand RMD requirements, and consider qualified charitable distributions if you are eligible. ✅ How donor-advised funds, beneficiary reviews, insurance reviews, and early communication with your tax preparer can help you prepare for the year ahead. Tune into the Metcalf Money Moment podcast for expert insights on wealth management and retirement planning! Join Jeb, Ethan, and Eric for practical Estate Planning strategies that you can implement to unlock financial clarity and confidence. Listen now to inspire your financial journey! TIMESTAMPS: 00:00 Why September and October are the time to start year-end financial planning 04:06 Roth conversions and tax-loss harvesting as year-end tax strategies 09:05 Maximizing 401(k) contributions and making the most of your HSA 14:55 Qualified charitable distributions and donor-advised funds 17:36 Reviewing beneficiaries, trusts, insurance, and other financial housekeeping 20:15 Why you should engage your tax preparer before the new year KEY TAKEAWAYS: 💎 Don’t wait until December to start your year-end financial checklist. Reviewing your income, taxes, retirement contributions, and financial changes earlier gives you more time to act before deadlines and processing cutoffs. 💎 A Roth conversion may be worth evaluating during a lower-income year, while tax-loss harvesting can help offset income or capital gains in taxable investment accounts. 💎 Retirement accounts, HSAs, RMDs, charitable giving, beneficiaries, trusts, and insurance policies all deserve a year-end review to make sure your financial plan still reflects your current situation. DISCLAIMER: This information is not intended to be a substitute for specific individualized tax or legal advice. We recommend discussing your particular situation with a qualified tax or legal advisor. RESOURCES MENTIONED: Metcalf Partners - Website Jeb Graham - LinkedIn Ethan Hutcheson - LinkedIn Eric Wymore - LinkedIn