Quarterly Financial Planning To Do List


    
1st Quarter
  • Financial Planning clients should remove last years investment statements from your notebook and transfer them to file folders or archive this information in another way that works for you
  • Get your tax information organized including W-2s, 1099s, etc.
  • Review your retirement plan contribution amounts maxing last years contribution if you are financially able
  • Review your goals for the new year and begin putting them in motion
  • Consider contacting us to update your financial plan
  • Begin preparation of your Tax Return for last year
 
2nd Quarter
  • File your Tax Return
  • Make your first Estimated Payment (due April 15th) if required
  • Complete your financial “spring cleaning”
  • Put away last year’s recently filed tax returns and information
  • Review adjustments in your spending plan for this year
  • Shred any old financial information
  • Make your second Estimated Tax payment (due June 15th) if required
 
3rd Quarter
  • Begin thinking about year-end issues and insuring nothing has “fallen through the cracks” (so to speak)
  • Review tax issues, put contribution limits in place, and take your Required Minimum Distribution if you must
  • Make your third Estimated Tax payment (due September 15th) if required
 
4th Quarter
  • If you are required to take a Required Minimum Distribution for this year and haven’t done so, now is the time
  • Review any employee benefit changes for the upcoming year
  • Review tax issues and contribution amounts
  • Make your fourth Estimated Tax payment (due January 15th) if required
 

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