Financial Success Calendar

Debt Management and Student Loan Strategies

• Review and optimize student loan repayment plans, including Income Driven Repayment (IDR) options.

• Prioritize high-interest debt repayment using snowball or avalanche methods.

• Evaluate filing statuses for Public Service Loan Forgiveness (PSLF) advantages.

• Analyze federal student loan forgiveness eligibility, including PSLF.

• Estimate long-term savings from loan forgiveness programs.

• Discuss smart debt consolidation options

 

Tax Planning and Optimization

• Maximize contributions to tax-advantaged accounts such as 403(b), 529, and HSA accounts.

• Introduce tax-advantaged options like mega backdoor Roth conversions.

• Analyze tax benefits of retirement contributions (e.g., pre-tax vs. Roth).

• Monitor changes in tax law to adjust strategies.

• Review your tax returns with an eye to possible savings in the future.

• Reposition investments to take full advantage of tax law provisions.

• Guide on charitable giving through donor-advised funds.

 

Retirement Planning

• Project retirement savings needs to ensure clients stay on track.

• Help calculate required savings for early retirement.

• Assist with rolling over old retirement accounts.

• Clarify RMD rules for inherited accounts.

• Help balance liquidity needs against long-term goals.

• Calculate the impact of early retirement/career change on plans.

 

Investment Strategy and Portfolio Management

• Diversify investment portfolios for long-term growth.

• Set up and manage a 401(k) or 403(b) with appropriate allocations.

• Create tailored investment plans based on risk tolerance and career goals.

• Educate on ESG investing for socially conscious clients.

• Select the right investments to save on taxes and fees.

• Stay up to date on changes in the investment world.

• Review investment performance and rebalance portfolios as needed.

• Provide unbiased investment research.

• Determine the risk level of your existing portfolio.

• Help consolidate and simplify your investments.

• Monitor your investments.

• Review your investments in your company 401(k) or 403(b) plans.

• Review your existing IRAs.

 

College and Education Planning

• Guide on setting up 529 plans for future children’s education.

• Provide comparisons of 529 plans based on state benefits and fees.

• Help grandparents gift into 529 plans for additional savings.

• Advise on balancing college savings with retirement goals.

• Identify scholarships and tax credits for higher education.

• Review your children’s custodial accounts and 529 plans.

 

Goal Setting and Prioritization

• Help align spending with personal values for greater life satisfaction.

• Formalize your goals and put them in writing.

• Help prioritize your financial opportunities.

• Help determine realistic goals.

• Study possible alternatives that could meet your goals.

• Identify your savings shortfalls.

• Set up automatic savings plans to meet goals efficiently.

• Use financial planning software to visualize long-term goals.

 

General Planning

• Help evaluate rent vs. buy decisions.

• Guide on saving for a down payment for first-time buyers.

• Advise on refinancing mortgages during low-interest periods.

• Help analyze real estate investment opportunities for additional income streams.

• Develop a plan for parental leave savings and child-related expenses.

• Set up savings plans for weddings, honeymoons, or other major milestones.

 

Monitoring and Adjusting Financial Plans

• Adapt financial strategies to new regulations or market conditions.

• Monitor changes in your life and family situation.

• Keeps you on track with your financial plan.

• Guide you to think about areas of your financial life you may not have considered.

• Be a wise sounding board for ideas you are considering.

• Be honest with you.