End-of-Year Financial Planning Considerations

As we approach the end of 2020, investors have the opportunity to assess their objectives, risk tolerance, and investment strategy going into the new year.  Financial goals often evolve over time, as families grow, careers progress, and preferences change.  The end of the year is a convenient reminder to ensure that an investor’s portfolio allocation, tax plan, and investment strategy are all aligned in support of one’s objectives. 

Action items to achieve this alignment often include making end-of-year contributions to maximize the benefit of tax-advantaged accounts and rebalancing investment portfolio allocations.

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- Anthony Winkels is Managing Partner and Wealth Advisor at Fortis Wealth Management