TRANSCRIPT:
Hey everyone, it’s Tony from Gasima Financial. New year, new me. That’s what my son used to say every new year. And it’s true with your finances, too. As I’ve said in the past, and it still holds true now, nothing, nothing, nothing beats having a financial plan.
Now is the time to get organized. Just like with going to the dentist, no offense to my dentist clients, but you need to do regular checkups on your finances and you need to check where you are versus the goals that you stated for us.
Here’s a checklist of the things in order to have a successful personal finance year that you should be looking at.
Tax loss harvesting. Are there positions that are down even in an up market that you could be selling to reap the benefit of the tax deduction?
Are you an entrepreneur who’s making estimated payments? Did you pay or set aside enough to pay the government their fair share?
Roth conversions. How’s that going to affect your overall tax picture? Let us run the math for you. The market is at an all-time high after all. But did you lag, or did you make way better returns by taking a lot of risk this year?
What are those risks truly? And how are they going to hurt or help your portfolio going into the new year? Should you be hedging? Should you be rebalancing? What are the taxable consequences of using equity options, for example?
Has your life changed? Are you looking to create an estate plan and create wealth for generations to come? Have you sold a home? What are the capital improvements on the home? And what’s the taxable consequences of those improvements?
Don’t wait. Contact us. All these things are things that Gasima can help you with. Because here at Gasima Financial, goals are aligned with strategic investing and meticulous advice. Give us a call now.