Charting a Course for Financial Success: Year-End Actions for a Thriving 2024

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As we stand on the brink of 2024, the air is filled with the promise of new beginnings and the opportunity to enhance our financial well-being. Amidst the resolutions to stick to budgets and increase savings, let’s not overlook a key element that often slips through the cracks: organizing retirement accounts.

A Fresh Start for Your Finances

The dawn of the new year offers a unique chance to take a closer look at your financial landscape. One essential item to add to your list is reviewing and updating beneficiary forms for your retirement accounts. Ensuring your accounts are in order for your loved ones is a meaningful step toward financial security.

IRA New Year’s Resolutions: A Roadmap to Financial Well-being

As you dedicate time to organize your financial affairs, consider embracing the “IRA New Year’s Resolutions” to guide you through the process:

 

  1. Beneficiary Form Review: Confirm that your beneficiary designations align with your current wishes and circumstances. Life evolves, and so should your beneficiary information.

 

  1. Legacy Reflection: Take a moment to ponder your financial legacy. Are there specific assets or accounts you’d like to pass on to future generations? Adjust your beneficiary designations accordingly.

 

  1. Tax-Efficient Strategies: Explore tax-efficient strategies related to your retirement accounts. This might involve considering Roth conversions or other tax-saving opportunities.

 

  1. Comprehensive Financial Assessment: Conduct a broader financial assessment. Review your overall financial goals and ensure that your investment accounts align with your aspirations for the future.

Expert Guidance for a Financially Transformative Year

If you find yourself with questions or uncertainties about organizing and optimizing your financial life, I’m here to help. I’m Chris Robinson, a lead advisor with RFG Wealth Advisory in Argyle, TX.

Call our office at 940-464-4104, and let’s schedule a time to discuss how we can assist you in identifying and reaching your goals for the new year using our RFG Wealth Advisory Blueprint Process.

RFG Wealth Advisory Blueprint Process
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IRA New Year’s Resolutions: A Roadmap to Financial Well-being


“These materials have been independently produced by RFG Wealth Advisory. RFG Wealth Advisory is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates (“Schwab”). Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. RFG Wealth Advisory provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.”

Investment advice offered through RFG Wealth Advisory, a registered Investment advisor. FINRA/SIPC.


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