What can you do now to be in better financial shape at the end of the year? Think about reducing your debt, boosting your retirement savings, or starting a budget.
As we’ve learned the past few years, it’s more important than ever to stay level-headed when investing and to not make emotional decisions based on headlines.
Making smarter financial decisions now means having a more prosperous future. On today’s episode, we’ll explore 22 ideas to implement in 2022 that could enhance your retirement plan and stabilize your financial future.
What We Discuss Today:
1:05 – Reduce your debt
2:06 – Boost retirement savings
2:48 – Prepare for the unexpected
3:44 – Don’t overreact to headlines
4:11 – Implement a budget
4:38 – Meet with an advisor
5:36 – Check your beneficiary designations
6:08 – Have those tough conversations
7:24 – Audit your insurance
8:09 – Think about refinancing
8:51 – Organize your financial life
9:27 – Check your credit
9:57 – Check your fees
10:32 – Share your knowledge
11:19 – Look for donation opportunities
12:26 – Review your tax bracket
13:10 – Think about a Roth conversion
13:59 – Update your paycheck withholdings
14:52 – Rebalance your portfolio
15:56 – Plan out your retirement transition
17:07 – Consolidate your accounts
18:11 – Listen to more episodes!
Quotable Moment:
“You have to hang on to your emotions and make sure you don’t make any bad decisions… Don’t base your decisions on your emotions.” – Spiros Vassilakos
