Is it time for some financial housekeeping? Here are 10 items to review when you have some downtime.
Account beneficiaries
Beneficiary designations supersede instructions provided in your will and trust, which is why it’s important to review them on a regular basis. Take time to ensure your beneficiary designations are up to date and accurate.
Financial plan
Your financial plan should be a dynamic document that’s constantly revised and updated as your life and financial goals evolve over time. Work with us to determine how any changes in your life should be reflected in your financial plan.
Investment allocation
Your timelines and goals for your money!
Do you have any new spending or savings goals? Let us know, so we can take a look at your accounts and asset allocations.
Charitable donations
If you plan to make charitable donations in 2026, now’s a great time to finalize your giving strategy. Making an in-kind donation of appreciated securities is one approach that allows you to minimize your tax exposure while maximizing your charitable impact. Consult with us to determine whether this strategy makes sense for you.
Insurance coverages
Take a moment to review your existing insurance policies to make sure they continue to meet your needs. If you’ve recently experienced a major life event, such as a change to residence, marriage, a divorce, birth of a child, job change, retirement.... you may need to adjust your coverage or select a new type of policy.
Emergency funds
Check in on your emergency fund to make sure it continues to hold enough assets to cover three to six months of living expenses, should unexpected expenses arise.
Credit reports
Each of the major credit bureaus ( Equifax and TransUnion ) allow consumers to access one free report each year. Consider this your reminder to check in on your credit report to identify any unexpected errors.
Estate planning documents
If it’s been a while since you’ve reviewed your estate plan, make an appointment with us and your estate planning attorney to revisit your documents and see whether they continue to reflect your wishes.
Employer-sponsored benefits - for those still working !
Take some time to review your current benefit elections. Do they continue to meet your needs? Are there other coverage amounts, health insurance options or investment accounts that would be a better fit?
Budgets
Review your budget to make sure it continues to meet your needs, making any necessary adjustments to your savings and spending goals. Could you use help reviewing these financial housekeeping items? Our teams support clients to help ensure their entire financial lives are optimized and working toward their long-term financial goals. Schedule time with us to discuss any budget needs.