As we approach the close of another year, we’re presented with a wonderful opportunity to reflect on our recent successes and learning experiences. This time of introspection is not just a chance to celebrate our achievements but also a pivotal moment to strategically plan for the future. After all, thoughtful planning is a cornerstone of continued success. Consider the following questions in your reflection:

1. Progress Towards Goals

  • Have you moved closer to your financial goals this year? What proactive steps have you taken?
  • Whether it’s refining an existing plan or starting a new one, how have you kept your financial strategy up-to-date?

2. Risk and Return Assessment

  • Does your investment portfolio align with your risk tolerance and financial objectives?
  • Have you evaluated and adjusted your risk management strategies to ensure they are in line with your current life stage and financial goals?

3. Personal and Financial Harmony

  • How effectively have your financial strategies supported your personal aspirations?
  • Despite global challenges, how have you managed your physical and emotional health?

4. Lifestyle and Relationships

  • Have you balanced enjoyment, travel, and entertainment with financial responsibilities?
  • What efforts have you made to strengthen connections with family and friends?

5. Estate and Legacy Planning

  • Is your estate plan, including wills, trusts, and beneficiaries, current?
  • How are your financial decisions shaping your long-term legacy goals?

6. Annual Financial Advisor Review

  • Have you conducted a comprehensive review with your Financial Advisor to ensure alignment with your goals?

7. Corporate Financial Management

For those managing employee Retirement plans and insurance programs, remember the importance of annual reviews to comply with regulations and ensure the effectiveness of these programs.

401(k) Plan Administration

  • For those handling 401(k) plans, have you ensured the plan’s effectiveness and compliance?
  • Have you held virtual meetings for employee education?
  • Have you shopped around for competitive prices and plans?
  • Have you reviewed your company’s insurance coverage for adequacy and efficiency?

Ready to Take the Next Step in Your Financial Journey?

As we reach end of year, it’s the perfect time to reevaluate and strengthen your financial strategy. Our team is here to help you navigate these questions and any other financial concerns you may have.

Schedule a meeting with us today – in person or virtually – to ensure a prosperous and well-planned future. We’re just a call or an email away, ready to assist you in making informed financial decisions.

All my best,

Elliot Kallen

The post End of Year Planning and Reviewing appeared first on Prosperity Financial Group | San Ramon, CA.

Elliot Kallen Wealth Manager | Registered Principal

For more than three decades, Elliot has provided customized wealth management solutions for entrepreneurs, business owners, retirees, and millennials.

Elliot and his wife, Tammy, are passionate about giving back to the community through their 501(c)(3) foundation, A Brighter Day. Through his partnership with A Brighter Day Charity, the Kallen family has helped local teens and young adults recognize and access resources to cope with the risks of stress and depression.

He enjoys spending his free time with his family. Some of his hobbies include cooking, wine, golf, travel, and studying history.

He lives in Lafayette, California with his wife, step-daughter, and grandson.

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