Smooth Sailing into 2024

For a smooth start to the new year, take a moment to check where you are.

As another year comes to an end one of the best things you can do to make the upcoming year run smoothly is to take a few minutes to review where you are with your financial picture.  Here are some suggestions of what that yearend review might include.

  1. Review your financial plan; How did you do? Do you have any pending large purchases or changes that you need to consider for the upcoming year? If you have an IRA would converting to a Roth IRA, make sense?
  2. Get a jump on your taxes. A tax professional can help you decide if deferring income might benefit you from a tax point of view.  Perhaps a charitable donation would make sense?
  3. Review the stated objectives and risk tolerance associated with your investment accounts. Are they still valid and appropriate?
  4. Think about estate planning. Is your will current?  If you have trust, is it current?  It’s vital to keep trustee designations and beneficiaries’ current.
  5. Review your employee benefits. Are you fully utilizing your employers 401K match?  Have you contributed the maximum allowed to your IRA?  Are you utilizing a Health Savings Account?
  6. Review your household budget and update as needed.
  7. Review the beneficiaries named on each of your accounts.
  8. Review your Trusted Contacts on each investment account.

We would be happy to help you through this process. Call Sara-Bay and speak with one of our advisors.


The information in this article is a compilation pulled from a variety of public sources.  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.


Disclaimer: “Sara-Bay Financial Corp. is registered as an investment advisor with the SEC. All information contained herein is for informational purposes only and does not constitute a solicitation for investment advisory serves or an offer to buy or sell securities. Registration does not imply a certain level of skill or training. If you are interested in our services, please see our Disclosure Brochure (Part II of the form ADV); which provides detailed information about Sara-Bay Financial Corp. and inherent risks that may be associated with our advisory services.

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